608 2nd StTawas CityMI48763
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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 Tawas City at 608 2nd St, Tawas City, MI, 48763 earns $373/mo cash flow from $1,454/mo rent with a $802/mo payment. Total monthly income totals $1,454/mo, and annual cash flow totals $4,480/yr on $54,333 capital. ROI tracks 28.16% on current figures, and rental yield reads 10.65% at a $163,900 purchase. Equity gained on principal adds $1,058/yr, and 5% annual appreciation supports $45,283 over five years. Five-year ROI reaches 147.65% and total cumulative return in cash sums $80,222. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,454/mo property income instead of your personal income.
Single Family
Built in 1940
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48763, Tawas City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,192 (100%) |
| Owner Occupied HU | 1,972 (61.8%) |
| Renter Occupied HU | 328 (10.3%) |
| Vacant Housing Units | 892 (27.9%) |
| Median Home Value | $173,474 |
| Average Home Value | $219,190 |
Housing Distribution
Address Breakdown
Residential
2,356
Single Family
2,356
Multi-Family
0
Businesses
135
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Nearby investment properties with comparable prices
Listed by: Ronald Doak • TAWAS SUNSHINE REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927928
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.