587 Pine LnEast TawasMI48730
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 East Tawas at 587 Pine Ln, East Tawas, MI, 48730 at $570,000 posts ROI 11.24% with from $2,380/mo rent. Total monthly income equals $2,380/mo. Return on cash invested measures 11.24% and rental yield reads 5.01% at the current $570,000. Equity gained on principal adds $3,678/yr, and 5% annual appreciation supports $157,480 by year five. Five-year ROI prints 56.83% and total cumulative return in cash totals $106,573. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,380/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
0.27 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ANGIE JONES • CENTURY 21 SIGNATURE REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1933208
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 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.