344 N Silver StBad AxeMI48413
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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 Bad Axe at 344 N Silver St, Bad Axe, MI, 48413 priced at $160,000 pairs $1,271/mo rent with $216/mo cash flow after a $783/mo payment. Total monthly income equals $1,271/mo, and annual cash flow comes to $2,592/yr on $53,040 invested. Return on cash invested is 24.8% in year one, and rental yield stands at 9.53% on a $160,000 basis. Equity gained on principal adds $1,032/yr, and 5% annual appreciation accumulates to $44,205 by year five. Five-year ROI measures 129.57% and total cumulative return in cash reaches $68,726. For financing, Ziffy Mortgage’s DSCR program evaluates $1,271/mo property income against a $783/mo payment instead of your W2s, 1099s, or Tax returns.
Home Type Unknown
Built in N/A
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48413, Bad Axe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,416 (71.5%) |
| Renter Occupied HU | 677 (20.0%) |
| Vacant Housing Units | 287 ( 8.5%) |
| Median Home Value | $174,658 |
| Average Home Value | $223,450 |
Housing Distribution
Address Breakdown
Residential
3,212
Single Family
2,960
Multi-Family
252
Businesses
527
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