1400 3rd Ave SEscanabaMI49829
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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 1400 3rd Ave S, Escanaba, MI, 49829 uses $82,875 cash to close to unlock $5,256/yr annual cash flow and $438/mo monthly cash flow. Total monthly income runs $2,087/mo, and a $1,224/mo payment keeps the spread at $438/mo. Purchase price stands at $250,000, and rental yield measures 10.02% with $2,087/mo rent. Return on cash invested shows 26.25% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 137.38% and total cumulative return in cash records $113,854. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,087/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1975
0.32 Acres 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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