2300 Nelson StManisteeMI49660
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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 Manistee at 2300 Nelson St, Manistee, MI, 49660 uses $62,985 cash to close to unlock $3,108/yr annual cash flow and $259/mo monthly cash flow. Total monthly income runs $1,512/mo, and a $930/mo payment keeps the spread at $259/mo. Purchase price stands at $190,000, and rental yield measures 9.55% with $1,512/mo rent. Return on cash invested shows 24.84% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 129.82% and total cumulative return in cash records $81,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,512/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1921
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49660, Manistee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,992 (100%) |
| Owner Occupied HU | 4,804 (60.1%) |
| Renter Occupied HU | 1,471 (18.4%) |
| Vacant Housing Units | 1,717 (21.5%) |
| Median Home Value | $207,280 |
| Average Home Value | $266,764 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,423
Multi-Family
280
Businesses
547
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