607 Fraser StBay CityMI48708
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
Rental property for sale in Bay City at 607 Fraser St, Bay City, MI, 48708 priced at $145,000 converts $1,516/mo rent into $554/mo cash flow after a $710/mo obligation. Total monthly income equals $1,516/mo, and annual cash flow totals $6,652/yr on $48,068 invested. Return on cash invested prints 33.75% in year one, and rental yield reads 12.55% against a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation compiles into $40,061 by year five. Five-year ROI reaches 177.72% and total cumulative return in cash sums $85,424. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,516/mo property income covering a $710/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,098 sqft lot
$N/A/sqft
No 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: Timothy Schmidt • RE/MAX New Image
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176988
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