231 Iosco Beach RdEast 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 231 Iosco Beach Rd, East Tawas, MI, 48730 generates $1,817/mo in rent, after a $3,277/mo payment. Total monthly income is $1,817/mo. Return on cash invested sits at 5.91% in year one, and rental yield is 3.26% on a $669,500 entry. Equity gained on principal adds $4,320/yr, while 5% annual appreciation builds toward $184,971 over five years. Five-year ROI reaches 28.25% and total cumulative return in cash sums $62,224. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,817/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
0.39 Acres 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: Kelly Frank • CAROLE WILSON REAL ESTATE
Mls Name: NGLRMLS
Mls ID: #1935942