502 Wilson 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
Investment property for sale in Bay City at 502 Wilson St, Bay City, MI, 48708 at $189,900 posts ROI 35.2% with $802/mo cash flow from $2,054/mo rent. Total monthly income equals $2,054/mo, and annual cash flow records $9,626/yr on $62,952 to close. Return on cash invested measures 35.2% and rental yield reads 12.98% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 185.43% and total cumulative return in cash totals $116,729.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,054/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1900
5,662 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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