10239 E Shore RdMareniscoMI49947
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 10239 E Shore Rd, Marenisco, MI, 49947 in Marenisco is capital appreciation. Rental yield 1.07%. The 1.07% gross yield at $893,600 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $246,885 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.20) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $12,575.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.1% | 7.0% |
| Monthly Cash Flow | $(5,095) | $200 |
City averages based on Marenisco market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $798 |
| Total Monthly Debt Service | $5,537 |
| DSCR Ratio | 0.14x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2004
1.38 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2004
1.38 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices