304 Joseph StBay 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 304 Joseph St, Bay City, MI, 48706 offers $1,525/mo rent that, after a $653/mo payment, leaves $645/mo cash flow. Total monthly income is $1,525/mo, and annual cash flow is $7,740/yr on $44,255 cash. Return on cash invested measures 37.4% in year one, and rental yield stands at 13.71% at a $133,500 entry. Equity gained on principal adds $861/yr while 5% annual appreciation compounds into $36,884 by year five. Five-year ROI records 197.29% and total cumulative return in cash reaches $87,310. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,525/mo property income versus a $653/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
6,540 sqft 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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