900 Smith StEast TawasMI48730
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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 East Tawas at 900 Smith St, East Tawas, MI, 48730 generates $1,979/mo in rent and, after a $851/mo payment, leaves $833/mo in cash flow. Total monthly income is $1,979/mo, and annual cash flow is $9,990/yr on $57,615 invested. Return on cash invested sits at 37.25% in year one, and rental yield is 13.66% on a $173,800 entry. Equity gained on principal adds $1,122/yr, while 5% annual appreciation builds toward $48,018 over five years. Five-year ROI reaches 196.39% and total cumulative return in cash sums $113,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,979/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
9,800 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: N/A • N/A
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