304 S 11th StEscanabaMI49829
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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 Escanaba at 304 S 11th St, Escanaba, MI, 49829 offers a 12.01% rental yield on a $129,900 purchase with $1,300/mo rent. Total monthly income registers $1,300/mo, and a $636/mo payment leaves $443/mo available for distribution. Annual cash flow reaches $5,318/yr on $43,062 to close, and return on cash invested stands at 32.26% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 169.73% and total cumulative return in cash at $73,087. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,300/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1901
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49829, Escanaba, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,382 (100%) |
| Owner Occupied HU | 5,369 (64.1%) |
| Renter Occupied HU | 2,181 (26.0%) |
| Vacant Housing Units | 832 ( 9.9%) |
| Median Home Value | $144,349 |
| Average Home Value | $166,997 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,181
Multi-Family
669
Businesses
984
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