3157 Gaslight 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 3157 Gaslight Dr, Bay City, MI, 48706 priced at $289,900 converts $1,959/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,959/mo. Return on cash invested prints 16.88% in year one, and rental yield reads 8.11% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 88.48% and total cumulative return in cash sums $85,029. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,959/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
$290 monthly 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: Ryan Sagady • Bay Realty Michigan
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50165393
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