305 N Linn StBay CityMI48706
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 305 N Linn St, Bay City, MI, 48706 offers $1,478/mo rent that, after a $634/mo payment, leaves $624/mo cash flow. Total monthly income is $1,478/mo, and annual cash flow is $7,486/yr on $42,929 cash. Return on cash invested measures 37.35% in year one, and rental yield stands at 13.7% at a $129,500 entry. Equity gained on principal adds $836/yr while 5% annual appreciation compounds into $35,778 by year five. Five-year ROI records 196.9% and total cumulative return in cash reaches $84,530. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,478/mo property income versus a $634/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
4,791 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices