605 Ogden AveEscanabaMI49829
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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
Investment property for sale in Escanaba at 605 Ogden Ave, Escanaba, MI, 49829 at $489,900 posts ROI 13.96% with from $2,426/mo rent. Total monthly income equals $2,426/mo. Return on cash invested measures 13.96% and rental yield reads 5.94% at the current $489,900. Equity gained on principal adds $3,161/yr, and 5% annual appreciation supports $135,350 by year five. Five-year ROI prints 71.51% and total cumulative return in cash totals $116,129. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,426/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49829, Escanaba, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,382 (100%) |
| Owner Occupied HU | 5,369 (64.1%) |
| Renter Occupied HU | 2,181 (26.0%) |
| Vacant Housing Units | 832 ( 9.9%) |
| Median Home Value | $144,349 |
| Average Home Value | $166,997 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,181
Multi-Family
669
Businesses
984
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Listed by: MIKE HARRIS • STATE WIDE REAL ESTATE OF ESCANABA
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50185756
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.