424 Lakewood DrEast 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 424 Lakewood Dr, East Tawas, MI, 48730 uses $59,670 cash to close to unlock $4,824/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $1,589/mo, and a $881/mo payment keeps the spread at $402/mo. Purchase price stands at $180,000, and rental yield measures 10.59% with $1,589/mo rent. Return on cash invested shows 27.99% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 146.71% and total cumulative return in cash records $87,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,589/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1990
10,018 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: Rosemary Oskvarek • Real Estate One Great Lakes Bay
Mls Name: MiRealSource
Mls ID: #50188516