608 E State StEast TawasMI48730
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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 East Tawas at 608 E State St, East Tawas, MI, 48730 earns $381/mo cash flow from $1,495/mo rent with a $827/mo payment. Total monthly income totals $1,495/mo, and annual cash flow totals $4,568/yr on $56,024 capital. ROI tracks 28.06% on current figures, and rental yield reads 10.62% at a $169,000 purchase. Equity gained on principal adds $1,091/yr, and 5% annual appreciation supports $46,692 over five years. Five-year ROI reaches 147.12% and total cumulative return in cash sums $82,423. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,495/mo property income instead of your personal income.
Single Family
Built in 1900
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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Listed by: SCOTT LINGO • TARGET REAL ESTATE COMPANY
Mls Name: NGLRMLS
Mls ID: #1940201