2409 21st StMenomineeMI49858
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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
Rental property for sale in Menominee at 2409 21st St, Menominee, MI, 49858 generates $2,573/mo in rent and, after a $1,561/mo payment, leaves $470/mo in cash flow. Total monthly income is $2,573/mo, and annual cash flow is $5,636/yr on $105,749 invested. Return on cash invested sits at 25.24% in year one, and rental yield is 9.68% on a $319,000 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 131.96% and total cumulative return in cash sums $139,549. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,573/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
0.44 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
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