117 Torrey StManchesterMI48158
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
Investment Highlights
Rental property for sale in Manchester at 117 Torrey St, Manchester, MI, 48158 priced at $350,000 pairs $2,347/mo rent with $39/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,347/mo, and annual cash flow comes to $468/yr on $116,025 invested. Return on cash invested is 20.31% in year one, and rental yield stands at 8.05% on a $350,000 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,699 by year five. Five-year ROI measures 105.52% and total cumulative return in cash reaches $122,426. For financing, Ziffy Mortgage’s DSCR program evaluates $2,347/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
0.70 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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Listed by: Jason Aldrich • ERA REARDON - BROOKLYN
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062988
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.