2575 Parkway DrManitou BeachMI49253
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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 2575 Parkway Dr, Manitou Beach, MI, 49253 at $289,000 posts ROI 13.63% with from $1,426/mo rent. Total monthly income equals $1,426/mo. Return on cash invested measures 13.63% and rental yield reads 5.92% at the current $289,000. Equity gained on principal adds $1,865/yr, and 5% annual appreciation supports $79,845 by year five. Five-year ROI prints 69.81% and total cumulative return in cash totals $66,878. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,426/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
4,356 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: Holly Griewahn • Foundation Realty, LLC - Manitou Beach
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170208
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