538 Wilber RdEast TawasMI48730
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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 East Tawas at 538 Wilber Rd, East Tawas, MI, 48730 offers $2,022/mo rent that, after a $1,164/mo payment, leaves $454/mo cash flow. Total monthly income is $2,022/mo, and annual cash flow is $5,443/yr on $78,864 cash. Return on cash invested measures 26.81% in year one, and rental yield stands at 10.2% at a $237,900 entry. Equity gained on principal adds $1,535/yr while 5% annual appreciation compounds into $65,727 by year five. Five-year ROI records 140.4% and total cumulative return in cash reaches $110,727. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,022/mo property income versus a $1,164/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
1 Acres 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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Nearby investment properties with comparable prices
Listed by: Lynn Moore • Berkshire Hathaway HomeServices
Mls Name: MiRealSource
Mls ID: #50184388