411 Hamilton RdTawas 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 411 Hamilton Rd, Tawas City, MI, 48763 priced at $213,700 converts $1,712/mo rent into $303/mo cash flow after a $1,046/mo obligation. Total monthly income equals $1,712/mo, and annual cash flow totals $3,633/yr on $70,842 invested. Return on cash invested prints 25.04% in year one, and rental yield reads 9.61% against a $213,700 entry. Equity gained on principal adds $1,379/yr, while 5% annual appreciation compiles into $59,041 by year five. Five-year ROI reaches 130.89% and total cumulative return in cash sums $92,725. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,712/mo property income covering a $1,046/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,276 sqft 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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