10985 E Pleasant Lake RdManchesterMI48158
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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 Manchester at 10985 E Pleasant Lake Rd, Manchester, MI, 48158 generates $2,520/mo in rent, after a $6,847/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 2.62% in year one, and rental yield is 2.16% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 10.56% and total cumulative return in cash sums $47,885. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
6.10 Acres 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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Nearby investment properties with comparable prices
Listed by: Martin Bouma • Keller Williams Ann Arbor Mrkt
Mls Name: MichRIC
Mls Provider:
Mls ID: #25027801
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.