618 N Sherman StBay 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
Investment property for sale in Bay City at 618 N Sherman St, Bay City, MI, 48708 uses $66,300 cash to close to unlock $4,908/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,728/mo, and a $979/mo payment keeps the spread at $409/mo. Purchase price stands at $200,000, and rental yield measures 10.37% with $1,728/mo rent. Return on cash invested shows 27.31% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 143.05% and total cumulative return in cash records $94,844. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,728/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1888
2.30 Acres 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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