1066 State RdManistiqueMI49854
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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 Manistique at 1066 State Rd, Manistique, MI, 49854 generates $1,179/mo in rent and, after a $734/mo payment, leaves $190/mo in cash flow. Total monthly income is $1,179/mo, and annual cash flow is $2,280/yr on $49,725 invested. Return on cash invested sits at 24.49% in year one, and rental yield is 9.43% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 127.94% and total cumulative return in cash sums $63,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,179/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
1,480 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49854, Manistique, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,252 (100%) |
| Owner Occupied HU | 2,376 (55.9%) |
| Renter Occupied HU | 531 (12.5%) |
| Vacant Housing Units | 1,345 (31.6%) |
| Median Home Value | $169,543 |
| Average Home Value | $207,394 |
Housing Distribution
Address Breakdown
Residential
3,074
Single Family
2,895
Multi-Family
179
Businesses
278
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Listed by: N/A • N/A
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