322 S 7th StEscanabaMI49829
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
Investment property for sale in Escanaba at 322 S 7th St, Escanaba, MI, 49829 uses $44,421 cash to close to unlock $1,974/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,059/mo, and a $656/mo payment keeps the spread at $164/mo. Purchase price stands at $134,000, and rental yield measures 9.48% with $1,059/mo rent. Return on cash invested shows 24.35% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 127.34% and total cumulative return in cash records $56,567. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,059/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 1880
3,484 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JENNIFER LACHANCE • PREMIER REAL ESTATE, INC.
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50170918
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.