1506 11th StMenomineeMI49858
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
Investment property for sale in Menominee at 1506 11th St, Menominee, MI, 49858 uses $53,007 cash to close to unlock $1,862/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,210/mo, and a $783/mo payment keeps the spread at $155/mo. Purchase price stands at $159,900, and rental yield measures 9.08% with $1,210/mo rent. Return on cash invested shows 23.42% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 122.31% and total cumulative return in cash records $64,830. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,210/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1929
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49858, Menominee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,238 (100%) |
| Owner Occupied HU | 4,248 (68.1%) |
| Renter Occupied HU | 1,394 (22.3%) |
| Vacant Housing Units | 596 ( 9.6%) |
| Median Home Value | $148,022 |
| Average Home Value | $193,075 |
Housing Distribution
Address Breakdown
Residential
5,917
Single Family
5,464
Multi-Family
453
Businesses
429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices