8100B Bissonette DrOscodaMI48750
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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 Oscoda at 8100B Bissonette Dr, Oscoda, MI, 48750 with 5% annual appreciation on a $119,900 basis while $1,765/mo rent supports operations. Total monthly income totals $1,765/mo and a $587/mo payment preserves $898/mo for cash returns. Annual cash flow comes to $10,778/yr on $39,747 deployed, and return on cash invested reaches 47.03% in year one. Equity gained on principal adds $774/yr, and five-year appreciation sums $33,126 alongside rental yield of 17.66%. Five-year ROI measures 249.74% and total cumulative return in cash totals $99,264.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,765/mo property income versus a $587/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1960
N/A lot
$N/A/sqft
$912 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48750, Oscoda, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,569 (100%) |
| Owner Occupied HU | 3,135 (47.7%) |
| Renter Occupied HU | 1,017 (15.5%) |
| Vacant Housing Units | 2,417 (36.8%) |
| Median Home Value | $123,354 |
| Average Home Value | $190,337 |
Housing Distribution
Address Breakdown
Residential
5,006
Single Family
4,917
Multi-Family
89
Businesses
358
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Listed by: Kelly Balagna • GREAT LAKE REALTY CO, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928091
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.