8209 Florida St UNIT DOscodaMI48750
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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 Oscoda at 8209 Florida St UNIT D, Oscoda, MI, 48750 priced at $114,900 pairs $865/mo rent with $108/mo cash flow after a $562/mo payment. Total monthly income equals $865/mo, and annual cash flow comes to $1,292/yr on $38,089 invested. Return on cash invested is 23.3% in year one, and rental yield stands at 9.03% on a $114,900 basis. Equity gained on principal adds $741/yr, and 5% annual appreciation accumulates to $31,745 by year five. Five-year ROI measures 121.61% and total cumulative return in cash reaches $46,322. For financing, Ziffy Mortgage’s DSCR program evaluates $865/mo property income against a $562/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 1960
3,920 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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