3204 N Water StBay CityMI48708
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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 Bay City at 3204 N Water St, Bay City, MI, 48708 uses $37,791 cash to close to unlock $1,430/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $871/mo, and a $558/mo payment keeps the spread at $119/mo. Purchase price stands at $114,000, and rental yield measures 9.17% with $871/mo rent. Return on cash invested shows 23.69% in year one, and 5% annual appreciation builds toward $31,496 over five years. Five-year ROI reaches 123.76% and total cumulative return in cash records $46,771. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $871/mo property income covering a $558/mo payment rather than investor’s personal income.
Single Family
Built in 1910
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48708, Bay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,810 (100%) |
| Owner Occupied HU | 8,107 (63.3%) |
| Renter Occupied HU | 3,541 (27.6%) |
| Vacant Housing Units | 1,162 ( 9.1%) |
| Median Home Value | $113,877 |
| Average Home Value | $149,537 |
Housing Distribution
Address Breakdown
Residential
11,868
Single Family
10,701
Multi-Family
1,167
Businesses
829
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