2117 12TH AVENUEMenomineeMI49858
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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 Menominee at 2117 12TH AVENUE, Menominee, MI, 49858 listed at $164,900 pairs $1,356/mo rent with a $807/mo payment to leave $269/mo cash flow. Total monthly income runs $1,356/mo, and annual cash flow reaches $3,224/yr on $54,664 cash to close. Return on cash invested measures 25.81% in year one, and rental yield registers 9.87% at a $164,900 basis. Equity gained on principal adds $1,064/yr, and annual property appreciation at 5% supports $45,559 by year five. Five-year ROI tracks 135.01% and total cumulative return in cash totals $73,804. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,356/mo property income relative to a $807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
5,662 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
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Listed by: Jacob Jones • Broadway Real Estate
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #50306307
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.