1201 N 16th StEscanabaMI49829
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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 Escanaba at 1201 N 16th St, Escanaba, MI, 49829 listed at $139,900 pairs $1,122/mo rent with a $685/mo payment to leave $199/mo cash flow. Total monthly income runs $1,122/mo, and annual cash flow reaches $2,390/yr on $46,377 cash to close. Return on cash invested measures 25.06% in year one, and rental yield registers 9.62% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 131.11% and total cumulative return in cash totals $60,807. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,122/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49829, Escanaba, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,382 (100%) |
| Owner Occupied HU | 5,369 (64.1%) |
| Renter Occupied HU | 2,181 (26.0%) |
| Vacant Housing Units | 832 ( 9.9%) |
| Median Home Value | $144,349 |
| Average Home Value | $166,997 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,181
Multi-Family
669
Businesses
984
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