11798 W Hutt RdManistiqueMI49817
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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 11798 W Hutt Rd, Manistique, MI, 49817 generates $2,905/mo in rent, after a $3,461/mo payment. Total monthly income is $2,905/mo. Return on cash invested sits at 10.99% in year one, and rental yield is 4.93% on a $707,200 entry. Equity gained on principal adds $4,563/yr, while 5% annual appreciation builds toward $195,386 over five years. Five-year ROI reaches 55.53% and total cumulative return in cash sums $129,200. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,905/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
2.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49817, Cooks, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 256 (100%) |
| Owner Occupied HU | 195 (76.2%) |
| Renter Occupied HU | 18 ( 7.0%) |
| Vacant Housing Units | 43 (16.8%) |
| Median Home Value | $222,794 |
| Average Home Value | $250,449 |
Housing Distribution
Address Breakdown
Residential
238
Single Family
238
Multi-Family
0
Businesses
7
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Listed by: N/A • N/A
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