2899 Townline RdTawas CityMI48763
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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 Tawas City at 2899 Townline Rd, Tawas City, MI, 48763 at $749,900 posts ROI 2.44% with from $1,322/mo rent. Total monthly income equals $1,322/mo. Return on cash invested measures 2.44% and rental yield reads 2.12% at the current $749,900. Equity gained on principal adds $4,839/yr, and 5% annual appreciation supports $207,184 by year five. Five-year ROI prints 9.67% and total cumulative return in cash totals $23,866. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,322/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
244 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48763, Tawas City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,192 (100%) |
| Owner Occupied HU | 1,972 (61.8%) |
| Renter Occupied HU | 328 (10.3%) |
| Vacant Housing Units | 892 (27.9%) |
| Median Home Value | $173,474 |
| Average Home Value | $219,190 |
Housing Distribution
Address Breakdown
Residential
2,356
Single Family
2,356
Multi-Family
0
Businesses
135
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Listed by: Shad Woodruff • Whitetail Properties Real Estate, LLC
Mls Name: MichRIC
Mls ID: #25035891