207 N Plank RdTawas CityMI48763
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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 Tawas City at 207 N Plank Rd, Tawas City, MI, 48763 with 5% annual appreciation on a $258,000 basis while $1,915/mo rent supports operations. Total monthly income totals $1,915/mo and a $1,263/mo payment preserves $213/mo for cash returns. Annual cash flow comes to $2,561/yr on $85,527 deployed, and return on cash invested reaches 22.9% in year one. Equity gained on principal adds $1,665/yr, and five-year appreciation sums $71,281 alongside rental yield of 8.91%. Five-year ROI measures 119.46% and total cumulative return in cash totals $102,170.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,915/mo property income versus a $1,263/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1976
0.80 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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Listed by: Margie K Haaxma • Banner Realty
Mls Name: WWMLS
Mls ID: #201838245