1244 S Us Highway 23Tawas CityMI48763
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
Investment property for sale in Tawas City at 1244 S Us Highway 23, Tawas City, MI, 48763 uses $53,007 cash to close to unlock $1,514/yr annual cash flow and $126/mo monthly cash flow. Total monthly income runs $1,181/mo, and a $783/mo payment keeps the spread at $126/mo. Purchase price stands at $159,900, and rental yield measures 8.86% with $1,181/mo rent. Return on cash invested shows 22.77% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 118.75% and total cumulative return in cash records $62,946. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,181/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1964
2.40 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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Nearby investment properties with comparable prices
Listed by: Courtney Rokosz • Real Estate One Great Lakes Bay
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50169012
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