604 Wadsworth StEast 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
Investment property for sale in East Tawas at 604 Wadsworth St, East Tawas, MI, 48730 offers a 9.02% rental yield on a $184,900 purchase with $1,390/mo rent. Total monthly income registers $1,390/mo, and a $905/mo payment leaves $171/mo available for distribution. Annual cash flow reaches $2,048/yr on $61,294 to close, and return on cash invested stands at 23.25% in year one. Equity gained on principal adds $1,193/yr while 5% annual appreciation supports $51,084 over five years. Portfolio math shows five-year ROI at 121.31% and total cumulative return in cash at $74,359. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,390/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,712 sqft 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: Angela Farrington • KW Northern Michigan Team Partners
Mls Name: WWMLS
Mls ID: #201837510