121 N 2nd StManistiqueMI49854
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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
Investment property for sale in Manistique at 121 N 2nd St, Manistique, MI, 49854 listed at $134,000 pairs $1,040/mo rent with a $656/mo payment to leave $156/mo cash flow. Total monthly income runs $1,040/mo, and annual cash flow reaches $1,874/yr on $44,421 cash to close. Return on cash invested measures 24.13% in year one, and rental yield registers 9.31% at a $134,000 basis. Equity gained on principal adds $865/yr, and annual property appreciation at 5% supports $37,022 by year five. Five-year ROI tracks 126.07% and total cumulative return in cash totals $56,003. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,040/mo property income relative to a $656/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2006
0.30 Acres 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: ABBEY WOOD • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50197700