2123 6th 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 2123 6th Ave S, Escanaba, MI, 49829 uses $49,394 cash to close to unlock $24,312/yr annual cash flow and $2,026/mo monthly cash flow. Total monthly income runs $3,224/mo, and a $729/mo payment keeps the spread at $2,026/mo. Purchase price stands at $149,000, and rental yield measures 25.97% with $3,224/mo rent. Return on cash invested shows 69.13% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 369.36% and total cumulative return in cash records $182,440. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,224/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1968
9,147 sqft 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: JAMIE BEAVER • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50152615
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.