218 Evans StEast TawasMI48730
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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 East Tawas at 218 Evans St, East Tawas, MI, 48730 priced at $245,999 pairs $1,765/mo rent with $143/mo cash flow after a $1,204/mo payment. Total monthly income equals $1,765/mo, and annual cash flow comes to $1,714/yr on $81,549 invested. Return on cash invested is 22.01% in year one, and rental yield stands at 8.61% on a $245,999 basis. Equity gained on principal adds $1,587/yr, and 5% annual appreciation accumulates to $67,965 by year five. Five-year ROI measures 114.65% and total cumulative return in cash reaches $93,494. For financing, Ziffy Mortgage’s DSCR program evaluates $1,765/mo property income against a $1,204/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
7,961 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48730, East Tawas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,578 (100%) |
| Owner Occupied HU | 1,743 (48.7%) |
| Renter Occupied HU | 427 (11.9%) |
| Vacant Housing Units | 1,408 (39.4%) |
| Median Home Value | $155,845 |
| Average Home Value | $197,652 |
Housing Distribution
Address Breakdown
Residential
2,506
Single Family
2,506
Multi-Family
0
Businesses
275
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Listed by: N/A • N/A
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Mls ID: #N/A