218 Heisterman StBad AxeMI48413
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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 Bad Axe at 218 Heisterman St, Bad Axe, MI, 48413 with 5% annual appreciation on a $117,900 basis while $2,324/mo rent supports operations. Total monthly income totals $2,324/mo and a $577/mo payment preserves $1,547/mo for cash returns. Annual cash flow comes to $18,559/yr on $39,084 deployed, and return on cash invested reaches 67.39% in year one. Equity gained on principal adds $761/yr, and five-year appreciation sums $32,574 alongside rental yield of 23.65%. Five-year ROI measures 358.08% and total cumulative return in cash totals $139,952.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,324/mo property income versus a $577/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48413, Bad Axe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,416 (71.5%) |
| Renter Occupied HU | 677 (20.0%) |
| Vacant Housing Units | 287 ( 8.5%) |
| Median Home Value | $174,658 |
| Average Home Value | $223,450 |
Housing Distribution
Address Breakdown
Residential
3,212
Single Family
2,960
Multi-Family
252
Businesses
527
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