605 Breaker Cove DrBay 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
Rental property for sale in Bay City at 605 Breaker Cove Dr, Bay City, MI, 48708 generates $2,135/mo in rent, after a $1,835/mo payment. Total monthly income is $2,135/mo. Return on cash invested sits at 14.01% in year one, and rental yield is 6.83% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 72.74% and total cumulative return in cash sums $90,423. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,135/mo property income rather than buyer’s personal income.
Condo
Built in 2019
N/A lot
$N/A/sqft
$200 monthly 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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Listed by: Colleen Maillette • Century 21 Signature Realty - Bay City
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50163474
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