10180 W Shore RdMareniscoMI49947
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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 Marenisco at 10180 W Shore Rd, Marenisco, MI, 49947 listed at $590,000 pairs $1,804/mo rent with a $2,888/mo payment. Total monthly income runs $1,804/mo. Return on cash invested measures 7.16% in year one, and rental yield registers 3.67% at a $590,000 basis. Equity gained on principal adds $3,807/yr, and annual property appreciation at 5% supports $163,006 by year five. Five-year ROI tracks 34.96% and total cumulative return in cash totals $67,852. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,804/mo property income relative to a $2,888/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49947, Marenisco, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 241 (34.5%) |
| Renter Occupied HU | 29 ( 4.2%) |
| Vacant Housing Units | 428 (61.3%) |
| Median Home Value | $220,833 |
| Average Home Value | $260,353 |
Housing Distribution
Address Breakdown
Residential
235
Single Family
235
Multi-Family
0
Businesses
14
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Listed by: TODD BORSETH • BORSETH PROPERTIES
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50173180
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.