705 E Bay StEast TawasMI48730
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
Investment property for sale in East Tawas at 705 E Bay St, East Tawas, MI, 48730 at $224,900 posts ROI 22.04% with $133/mo cash flow from $1,616/mo rent. Total monthly income equals $1,616/mo, and annual cash flow records $1,592/yr on $74,554 to close. Return on cash invested measures 22.04% and rental yield reads 8.62% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 114.84% and total cumulative return in cash totals $85,621.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,616/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
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: Cyndi Blust • STERLING PROPERTIES
Mls Name: NGLRMLS
Mls ID: #1935648