1111 N Water StBay CityMI48708
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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 Bay City at 1111 N Water St, Bay City, MI, 48708 listed at $665,000 pairs $2,324/mo rent with a $3,255/mo payment. Total monthly income runs $2,324/mo. Return on cash invested measures 5.19% in year one, and rental yield registers 4.19% at a $665,000 basis. Equity gained on principal adds $4,291/yr, and annual property appreciation at 5% supports $183,727 by year five. Five-year ROI tracks 25.71% and total cumulative return in cash totals $56,239. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,324/mo property income relative to a $3,255/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$650 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48708, Bay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,810 (100%) |
| Owner Occupied HU | 8,107 (63.3%) |
| Renter Occupied HU | 3,541 (27.6%) |
| Vacant Housing Units | 1,162 ( 9.1%) |
| Median Home Value | $113,877 |
| Average Home Value | $149,537 |
Housing Distribution
Address Breakdown
Residential
11,868
Single Family
10,701
Multi-Family
1,167
Businesses
829
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Listed by: Cynthia Gregory • Ayre/Rhinehart Bay
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50155884
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.