202 E Water Ave UNIT 11OscodaMI48750
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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
Investment property for sale in Oscoda at 202 E Water Ave UNIT 11, Oscoda, MI, 48750 earns $1,404/mo cash flow from $2,227/mo rent with a $533/mo payment. Total monthly income totals $2,227/mo, and annual cash flow totals $16,846/yr on $36,100 capital. ROI tracks 66.57% on current figures, and rental yield reads 24.54% at a $108,900 purchase. Equity gained on principal adds $703/yr, and 5% annual appreciation supports $30,087 over five years. Five-year ROI reaches 354.92% and total cumulative return in cash sums $128,126. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,227/mo property income instead of your personal income.
Condo
Built in 1988
N/A lot
$N/A/sqft
$1,260 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48750, Oscoda, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,569 (100%) |
| Owner Occupied HU | 3,135 (47.7%) |
| Renter Occupied HU | 1,017 (15.5%) |
| Vacant Housing Units | 2,417 (36.8%) |
| Median Home Value | $123,354 |
| Average Home Value | $190,337 |
Housing Distribution
Address Breakdown
Residential
5,006
Single Family
4,917
Multi-Family
89
Businesses
358
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Listed by: GENEVIEVE MOORE • GREAT LAKE REALTY CO, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1934602
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.