2511 Island Park DrManitou BeachMI49253
Nearby investment properties with comparable rents
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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 Manitou Beach at 2511 Island Park Dr, Manitou Beach, MI, 49253 earns $183/mo cash flow from $2,050/mo rent with a $1,370/mo payment. Total monthly income totals $2,050/mo, and annual cash flow totals $2,200/yr on $92,787 capital. ROI tracks 22.28% on current figures, and rental yield reads 8.79% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 116.22% and total cumulative return in cash sums $107,833. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,050/mo property income instead of your personal income.
Single Family
Built in 1939
4,791 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49253, Manitou Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,131 (51.9%) |
| Renter Occupied HU | 195 ( 8.9%) |
| Vacant Housing Units | 854 (39.2%) |
| Median Home Value | $338,393 |
| Average Home Value | $436,514 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
42
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Listed by: Lesley Dempsey • Howard Hanna Real Estate Services-Adrian
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50131815
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