4845 Chippewa AveOscodaMI48750
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oscoda at 4845 Chippewa Ave, Oscoda, MI, 48750 at $145,000 posts ROI 48.86% with $1,160/mo cash flow from $2,116/mo rent. Total monthly income equals $2,116/mo, and annual cash flow records $13,914/yr on $48,068 to close. Return on cash invested measures 48.86% and rental yield reads 17.51% at the current $145,000. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 by year five. Five-year ROI prints 258.65% and total cumulative return in cash totals $124,328.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,116/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1978
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48750, Oscoda, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,569 (100%) |
| Owner Occupied HU | 3,135 (47.7%) |
| Renter Occupied HU | 1,017 (15.5%) |
| Vacant Housing Units | 2,417 (36.8%) |
| Median Home Value | $123,354 |
| Average Home Value | $190,337 |
Housing Distribution
Address Breakdown
Residential
5,006
Single Family
4,917
Multi-Family
89
Businesses
358
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Nearby investment properties with comparable prices
Listed by: Judy Limbach • REAL ESTATE ONE NORTHEAST
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1921715
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.