1027 S Lorenz RdTawas 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
Investment property for sale in Tawas City at 1027 S Lorenz Rd, Tawas City, MI, 48763 listed at $178,900 pairs $1,345/mo rent with a $876/mo payment to leave $165/mo cash flow. Total monthly income runs $1,345/mo, and annual cash flow reaches $1,978/yr on $59,305 cash to close. Return on cash invested measures 23.25% in year one, and rental yield registers 9.02% at a $178,900 basis. Equity gained on principal adds $1,154/yr, and annual property appreciation at 5% supports $49,427 by year five. Five-year ROI tracks 121.26% and total cumulative return in cash totals $71,911. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,345/mo property income relative to a $876/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1979
9.68 Acres 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: KELLY FRANK • CAROLE WILSON REAL ESTATE
Mls Name: NGLRMLS
Mls ID: #1937287