401 E Florence StBay CityMI48706
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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 401 E Florence St, Bay City, MI, 48706 at $120,000 posts ROI 33.45% with $449/mo cash flow from $1,240/mo rent. Total monthly income equals $1,240/mo, and annual cash flow records $5,388/yr on $39,780 to close. Return on cash invested measures 33.45% and rental yield reads 12.4% at the current $120,000. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 by year five. Five-year ROI prints 175.98% and total cumulative return in cash totals $70,003.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,240/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1995
8,712 sqft 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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