384 River RdBay CityMI48706
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 Bay City at 384 River Rd, Bay City, MI, 48706 at $305,000 posts ROI 34.62% with $1,240/mo cash flow from $3,290/mo rent. Total monthly income equals $3,290/mo, and annual cash flow records $14,875/yr on $101,108 to close. Return on cash invested measures 34.62% and rental yield reads 12.94% at the current $305,000. Equity gained on principal adds $1,968/yr, and 5% annual appreciation supports $84,266 by year five. Five-year ROI prints 182.44% and total cumulative return in cash totals $184,462.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,290/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1969
0.43 Acres lot
$N/A/sqft
No 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: Michael Meehleder • Ayre/Rhinehart Bay REALTORS
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50168355
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