3215 6th Ave SEscanabaMI49829
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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 3215 6th Ave S, Escanaba, MI, 49829 earns $285/mo cash flow from $2,857/mo rent with a $1,909/mo payment. Total monthly income totals $2,857/mo, and annual cash flow totals $3,420/yr on $129,283 capital. ROI tracks 22.55% on current figures, and rental yield reads 8.79% at a $389,995 purchase. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,748 over five years. Five-year ROI reaches 117.59% and total cumulative return in cash sums $152,023. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,857/mo property income instead of your personal income.
Single Family
Built in 1998
0.25 Acres 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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