809 Rainbow DrEast 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 809 Rainbow Dr, East Tawas, MI, 48730 listed at $229,900 pairs $1,412/mo rent with a $1,125/mo payment. Total monthly income runs $1,412/mo. Return on cash invested measures 18.27% in year one, and rental yield registers 7.37% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 94.66% and total cumulative return in cash totals $72,143. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,412/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
5,662 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: Kelly Balagna • GREAT LAKE REALTY CO, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928836
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.