711 S Lincoln RdEscanabaMI49829
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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
Rental property for sale in Escanaba at 711 S Lincoln Rd, Escanaba, MI, 49829 offers $2,471/mo rent that, after a $1,101/mo payment, leaves $988/mo cash flow. Total monthly income is $2,471/mo, and annual cash flow is $11,850/yr on $74,588 cash. Return on cash invested measures 35.8% in year one, and rental yield stands at 13.18% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 188.6% and total cumulative return in cash reaches $140,673. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,471/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49829, Escanaba, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,382 (100%) |
| Owner Occupied HU | 5,369 (64.1%) |
| Renter Occupied HU | 2,181 (26.0%) |
| Vacant Housing Units | 832 ( 9.9%) |
| Median Home Value | $144,349 |
| Average Home Value | $166,997 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,181
Multi-Family
669
Businesses
984
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Listed by: TAMMY GARLING • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50180407
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.