287 State Park DrBay CityMI48706
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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 Bay City at 287 State Park Dr, Bay City, MI, 48706 offers $1,907/mo rent that, after a $978/mo payment, leaves $589/mo cash flow. Total monthly income is $1,907/mo, and annual cash flow is $7,070/yr on $66,267 cash. Return on cash invested measures 30.58% in year one, and rental yield stands at 11.45% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 160.64% and total cumulative return in cash reaches $106,453. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,907/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48706, Bay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,544 (100%) |
| Owner Occupied HU | 13,819 (74.5%) |
| Renter Occupied HU | 3,586 (19.3%) |
| Vacant Housing Units | 1,139 ( 6.1%) |
| Median Home Value | $169,366 |
| Average Home Value | $211,566 |
Housing Distribution
Address Breakdown
Residential
17,819
Single Family
16,686
Multi-Family
1,133
Businesses
1,168
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Listed by: Michael J Samborn • All Star Real Estate
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50174110
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