255 Fair Ave, Marenisco, MI, 49947 | 6.02% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
- Bath
980 sft

N8640 E End Rd, Ironwood, MI, 49938

3 Bed
2 Bath
1732 sft

N11133 Moore St, Ironwood, MI, 49938

3 Bed
2 Bath
1357 sft

N10255 N River St, Ramsay, MI, 49959

4 Bed
2 Bath
2000 sft

N10740 Highway 64 #M, Marenisco, MI, 49947

Nearby investment properties with comparable prices

2 Bed
1 Bath
762 sft

7084 Sundown Ln, Land O Lakes, WI, 54540

3 Bed
1 Bath
1081 sft

Off Forest Rd #250, Marenisco, MI, 49947

3 Bed
1 Bath
1081 sft

Off Forest Rd #250, Bergland, MI, 49910

2 Bed
2 Bath
904 sft

1006 Harrison St, Wakefield, MI, 49968

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $798/mo, and a $778/mo payment. Purchase price stands at $159,000, and rental yield measures 6.02% with $798/mo rent. Return on cash invested shows 14.21% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 72.85% and total cumulative return in cash records $38,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $798/mo property income covering a $778/mo payment rather than investor’s personal income.

Single Family

Built in 2000

9,000 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49947, Marenisco, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	698 (100%)
Owner Occupied HU	241 (34.5%)
Renter Occupied HU	29 ( 4.2%)
Vacant Housing Units	428 (61.3%)
Median Home Value	$220,833
Average Home Value	$260,353