407 12th AveTawas CityMI48763
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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 Tawas City at 407 12th Ave, Tawas City, MI, 48763 generates $1,001/mo in rent and, after a $622/mo payment, leaves $163/mo in cash flow. Total monthly income is $1,001/mo, and annual cash flow is $1,957/yr on $42,101 invested. Return on cash invested sits at 24.56% in year one, and rental yield is 9.46% on a $127,000 entry. Equity gained on principal adds $820/yr, while 5% annual appreciation builds toward $35,088 over five years. Five-year ROI reaches 128.43% and total cumulative return in cash sums $54,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,001/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48763, Tawas City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,192 (100%) |
| Owner Occupied HU | 1,972 (61.8%) |
| Renter Occupied HU | 328 (10.3%) |
| Vacant Housing Units | 892 (27.9%) |
| Median Home Value | $173,474 |
| Average Home Value | $219,190 |
Housing Distribution
Address Breakdown
Residential
2,356
Single Family
2,356
Multi-Family
0
Businesses
135
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Listed by: LYNN KUBISIAK • TAWAS SUNSHINE REALTY
Mls Name: NGLRMLS
Mls ID: #1938629