1511 38th AVENUEMenomineeMI49858
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 1511 38th AVENUE, Menominee, MI, 49858 in Menominee is a conservative rental investment at $184,900. Rental yield 7.56%. A 1.40 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $51,084; $1,703/yr in principal paydown supplements. Total projected return: $66,992.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.0% |
| Monthly Cash Flow | $(54) | $250 |
City averages based on Menominee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,165 |
| Total Monthly Debt Service | $1,146 |
| DSCR Ratio | 1.02x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1953
0.51 Acres 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
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
Single Family
Built in 1953
0.51 Acres 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
Listed by: Rena Lukowski • JD 1st Real Estate, Inc.
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #1909431
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.