7271 L RdEscanabaMI49829
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 Escanaba at 7271 L Rd, Escanaba, MI, 49829 uses $92,024 cash to close to unlock $22,453/yr annual cash flow and $1,871/mo monthly cash flow. Total monthly income runs $3,702/mo, and a $1,359/mo payment keeps the spread at $1,871/mo. Purchase price stands at $277,600, and rental yield measures 16% with $3,702/mo rent. Return on cash invested shows 44.31% in year one, and 5% annual appreciation builds toward $76,696 over five years. Five-year ROI reaches 234.26% and total cumulative return in cash records $215,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,702/mo property income covering a $1,359/mo payment rather than investor’s personal income.
Single Family
Built in 1995
10 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices