W1302 N Dam RdFoster CityMI49834
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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 Foster City at W1302 N Dam Rd, Foster City, MI, 49834 generates $2,054/mo in rent, after a $1,561/mo payment. Total monthly income is $2,054/mo. Return on cash invested sits at 19.35% in year one, and rental yield is 7.73% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 100.37% and total cumulative return in cash sums $106,141. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49834, Foster City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 564 (100%) |
| Owner Occupied HU | 228 (40.4%) |
| Renter Occupied HU | 25 ( 4.4%) |
| Vacant Housing Units | 311 (55.1%) |
| Median Home Value | $197,368 |
| Average Home Value | $227,588 |
Housing Distribution
Address Breakdown
Residential
224
Single Family
224
Multi-Family
0
Businesses
4
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Listed by: TROY MARGONI • STEPHENS REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50198035