25 Joyce DrBad 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
Rental property for sale in Bad Axe at 25 Joyce Dr, Bad Axe, MI, 48413 priced at $109,900 converts $833/mo rent into $108/mo cash flow after a $538/mo obligation. Total monthly income equals $833/mo, and annual cash flow totals $1,298/yr on $36,432 invested. Return on cash invested prints 23.47% in year one, and rental yield reads 9.1% against a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation compiles into $30,363 by year five. Five-year ROI reaches 122.61% and total cumulative return in cash sums $44,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $833/mo property income covering a $538/mo payment, not borrower’s personal income.
Manufactured
Built in 1977
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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