412 Smith StEast TawasMI48730
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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 East Tawas at 412 Smith St, East Tawas, MI, 48730 uses $62,654 cash to close to unlock $2,816/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,481/mo, and a $925/mo payment keeps the spread at $235/mo. Purchase price stands at $189,000, and rental yield measures 9.4% with $1,481/mo rent. Return on cash invested shows 24.4% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 127.48% and total cumulative return in cash records $79,870. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,481/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48730, East Tawas, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,578 (100%) |
| Owner Occupied HU | 1,743 (48.7%) |
| Renter Occupied HU | 427 (11.9%) |
| Vacant Housing Units | 1,408 (39.4%) |
| Median Home Value | $155,845 |
| Average Home Value | $197,652 |
Housing Distribution
Address Breakdown
Residential
2,506
Single Family
2,506
Multi-Family
0
Businesses
275
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Listed by: N/A • N/A
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