1442 Center StMunisingMI49862
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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 Munising at 1442 Center St, Munising, MI, 49862 offers a 19.21% rental yield on a $129,600 purchase with $2,075/mo rent. Total monthly income registers $2,075/mo, and a $634/mo payment leaves $1,142/mo available for distribution. Annual cash flow reaches $13,702/yr on $42,962 to close, and return on cash invested stands at 51.8% in year one. Equity gained on principal adds $836/yr while 5% annual appreciation supports $35,806 over five years. Portfolio math shows five-year ROI at 275.23% and total cumulative return in cash at $118,245. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,075/mo property income against a $634/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49862, Munising, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,371 (55.2%) |
| Renter Occupied HU | 343 (13.8%) |
| Vacant Housing Units | 769 (31.0%) |
| Median Home Value | $173,115 |
| Average Home Value | $218,115 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,658
Multi-Family
144
Businesses
217
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