1038 Wintergreen StEast TawasMI48730
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in East Tawas at 1038 Wintergreen St, East Tawas, MI, 48730 offers $1,553/mo rent that, after a $760/mo payment, leaves $529/mo cash flow. Total monthly income is $1,553/mo, and annual cash flow is $6,350/yr on $51,449 cash. Return on cash invested measures 32.25% in year one, and rental yield stands at 12.01% at a $155,200 entry. Equity gained on principal adds $1,001/yr while 5% annual appreciation compounds into $42,879 by year five. Five-year ROI records 169.65% and total cumulative return in cash reaches $87,283. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,553/mo property income versus a $760/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48730, East Tawas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,578 (100%) |
| Owner Occupied HU | 1,743 (48.7%) |
| Renter Occupied HU | 427 (11.9%) |
| Vacant Housing Units | 1,408 (39.4%) |
| Median Home Value | $155,845 |
| Average Home Value | $197,652 |
Housing Distribution
Address Breakdown
Residential
2,506
Single Family
2,506
Multi-Family
0
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A