410 S 5th 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
Investment property for sale in Tawas City at 410 S 5th Ave, Tawas City, MI, 48763 uses $45,382 cash to close to unlock $5,439/yr annual cash flow and $453/mo monthly cash flow. Total monthly income runs $1,356/mo, and a $670/mo payment keeps the spread at $453/mo. Purchase price stands at $136,900, and rental yield measures 11.89% with $1,356/mo rent. Return on cash invested shows 31.89% in year one, and 5% annual appreciation builds toward $37,823 over five years. Five-year ROI reaches 167.72% and total cumulative return in cash records $76,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,356/mo property income covering a $670/mo payment rather than investor’s personal income.
Single Family
Built in 1890
0.27 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: Pamela Clemente • EXP Realty
Mls Name: MiRealSource
Mls ID: #50191897