515 W Irwin StBad AxeMI48413
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
Rental property for sale in Bad Axe at 515 W Irwin St, Bad Axe, MI, 48413 generates $1,371/mo in rent and, after a $857/mo payment, leaves $217/mo in cash flow. Total monthly income is $1,371/mo, and annual cash flow is $2,598/yr on $58,013 invested. Return on cash invested sits at 24.39% in year one, and rental yield is 9.4% on a $175,000 entry. Equity gained on principal adds $1,129/yr, while 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 127.43% and total cumulative return in cash sums $73,927. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,371/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48413, Bad Axe, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,380 (100%) |
| Owner Occupied HU | 2,416 (71.5%) |
| Renter Occupied HU | 677 (20.0%) |
| Vacant Housing Units | 287 ( 8.5%) |
| Median Home Value | $174,658 |
| Average Home Value | $223,450 |
Housing Distribution
Address Breakdown
Residential
3,212
Single Family
2,960
Multi-Family
252
Businesses
527
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices