1016 5th StTawas CityMI48763
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $1,573/mo, and a $1,219/mo payment. Purchase price stands at $249,000, and rental yield measures 7.58% with $1,573/mo rent. Return on cash invested shows 18.9% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 97.98% and total cumulative return in cash records $80,876. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,573/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1983
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48763, Tawas City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,192 (100%) |
| Owner Occupied HU | 1,972 (61.8%) |
| Renter Occupied HU | 328 (10.3%) |
| Vacant Housing Units | 892 (27.9%) |
| Median Home Value | $173,474 |
| Average Home Value | $219,190 |
Housing Distribution
Address Breakdown
Residential
2,356
Single Family
2,356
Multi-Family
0
Businesses
135
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Listed by: TERRIE CLARK-NEWMAN • REAL ESTATE ONE NORTHEAST
Mls Name: NGLRMLS
Mls ID: #1931769