1005 E Duncan St APT 2DManchesterMI48158
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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 Manchester at 1005 E Duncan St APT 2D, Manchester, MI, 48158 listed at $159,900 pairs $1,271/mo rent with a $783/mo payment to leave $216/mo cash flow. Total monthly income runs $1,271/mo, and annual cash flow reaches $2,594/yr on $53,007 cash to close. Return on cash invested measures 24.8% in year one, and rental yield registers 9.54% at a $159,900 basis. Equity gained on principal adds $1,032/yr, and annual property appreciation at 5% supports $44,177 by year five. Five-year ROI tracks 129.71% and total cumulative return in cash totals $68,754. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,271/mo property income relative to a $783/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48158, Manchester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,254 (100%) |
| Owner Occupied HU | 2,773 (85.2%) |
| Renter Occupied HU | 312 ( 9.6%) |
| Vacant Housing Units | 169 ( 5.2%) |
| Median Home Value | $363,695 |
| Average Home Value | $428,857 |
Housing Distribution
Address Breakdown
Residential
2,959
Single Family
2,934
Multi-Family
25
Businesses
172
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Listed by: Jonathan Rivera • KW Professionals Brighton
Mls Name: Realcomp II
Mls ID: #20251021648