129 Grant StEast TawasMI48730
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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 129 Grant St, East Tawas, MI, 48730 offers $1,790/mo rent that, after a $1,150/mo payment, leaves $241/mo cash flow. Total monthly income is $1,790/mo, and annual cash flow is $2,888/yr on $77,869 cash. Return on cash invested measures 23.62% in year one, and rental yield stands at 9.14% at a $234,900 entry. Equity gained on principal adds $1,516/yr while 5% annual appreciation compounds into $64,899 by year five. Five-year ROI records 123.28% and total cumulative return in cash reaches $95,997. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,790/mo property income versus a $1,150/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
8,276 sqft 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
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Nearby investment properties with comparable prices
Listed by: CRAIG MCMURRAY • TAWAS SUNSHINE REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1936002
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.