4921 W Carpenter 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
Investment property for sale in Tawas City at 4921 W Carpenter Rd, Tawas City, MI, 48763 listed at $240,000 pairs $2,094/mo rent with a $1,175/mo payment to leave $511/mo cash flow. Total monthly income runs $2,094/mo, and annual cash flow reaches $6,132/yr on $79,560 cash to close. Return on cash invested measures 27.62% in year one, and rental yield registers 10.47% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 144.69% and total cumulative return in cash totals $115,118. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,094/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
1.19 Acres 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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Mls ID: #N/A