413 Franklin StBay CityMI48708
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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 Bay City at 413 Franklin St, Bay City, MI, 48708 offers $1,254/mo rent that, after a $685/mo payment, leaves $331/mo cash flow. Total monthly income is $1,254/mo, and annual cash flow is $3,974/yr on $46,377 cash. Return on cash invested measures 28.48% in year one, and rental yield stands at 10.76% at a $139,900 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,652 by year five. Five-year ROI records 149.41% and total cumulative return in cash reaches $69,291. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,254/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48708, Bay City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,810 (100%) |
| Owner Occupied HU | 8,107 (63.3%) |
| Renter Occupied HU | 3,541 (27.6%) |
| Vacant Housing Units | 1,162 ( 9.1%) |
| Median Home Value | $113,877 |
| Average Home Value | $149,537 |
Housing Distribution
Address Breakdown
Residential
11,868
Single Family
10,701
Multi-Family
1,167
Businesses
829
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