219 E Main StMancelonaMI49659
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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 Mancelona at 219 E Main St, Mancelona, MI, 49659 with 5% annual appreciation on a $100,000 basis while $796/mo rent supports operations. Total monthly income totals $796/mo and a $489/mo payment preserves $137/mo for cash returns. Annual cash flow comes to $1,644/yr on $33,150 deployed, and return on cash invested reaches 24.87% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.55%. Five-year ROI measures 129.97% and total cumulative return in cash totals $43,084.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $796/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49659, Mancelona, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,599 (100%) |
| Owner Occupied HU | 2,407 (52.3%) |
| Renter Occupied HU | 437 ( 9.5%) |
| Vacant Housing Units | 1,755 (38.2%) |
| Median Home Value | $167,432 |
| Average Home Value | $208,685 |
Housing Distribution
Address Breakdown
Residential
2,679
Single Family
2,663
Multi-Family
16
Businesses
136
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