8207 Florida St UNIT AOscodaMI48750
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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 8207 Florida St UNIT A, Oscoda, MI, 48750 earns $758/mo cash flow from $1,444/mo rent with a $509/mo payment. Total monthly income totals $1,444/mo, and annual cash flow totals $9,098/yr on $34,476 capital. ROI tracks 46.3% on current figures, and rental yield reads 16.66% at a $104,000 purchase. Equity gained on principal adds $671/yr, and 5% annual appreciation supports $28,733 over five years. Five-year ROI reaches 245.04% and total cumulative return in cash sums $84,480. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,444/mo property income instead of your personal income.
Condo
Built in 1960
7,405 sqft lot
$N/A/sqft
No 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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