11320 W Ferndale DrManitou BeachMI49253
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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 Manitou Beach at 11320 W Ferndale Dr, Manitou Beach, MI, 49253 generates $1,981/mo in rent, after a $2,883/mo payment. Total monthly income is $1,981/mo. Return on cash invested sits at 8.27% in year one, and rental yield is 4.04% on a $589,000 entry. Equity gained on principal adds $3,801/yr, while 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 40.95% and total cumulative return in cash sums $79,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,981/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49253, Manitou Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,131 (51.9%) |
| Renter Occupied HU | 195 ( 8.9%) |
| Vacant Housing Units | 854 (39.2%) |
| Median Home Value | $338,393 |
| Average Home Value | $436,514 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
42
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Listed by: Carl Poling • Howard Hanna Real Estate Services-Tecumseh
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50164368
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