1812 Lake Shore DrEscanabaMI49829
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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
Rental property for sale in Escanaba at 1812 Lake Shore Dr, Escanaba, MI, 49829 priced at $500,000 pairs $4,918/mo rent with $1,621/mo cash flow after a $2,447/mo payment. Total monthly income equals $4,918/mo, and annual cash flow comes to $19,452/yr on $165,750 invested. Return on cash invested is 31.64% in year one, and rental yield stands at 11.8% on a $500,000 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,141 by year five. Five-year ROI measures 166.3% and total cumulative return in cash reaches $275,636. For financing, Ziffy Mortgage’s DSCR program evaluates $4,918/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
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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Listed by: BRECK TONELLA • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50173559
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