2973 Round Lake HwyManitou 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
Rental property for sale in Manitou Beach at 2973 Round Lake Hwy, Manitou Beach, MI, 49253 priced at $479,900 converts $1,565/mo rent into after a $2,349/mo obligation. Total monthly income equals $1,565/mo. Return on cash invested prints 7.84% in year one, and rental yield reads 3.91% against a $479,900 entry. Equity gained on principal adds $3,097/yr, while 5% annual appreciation compiles into $132,588 by year five. Five-year ROI reaches 38.68% and total cumulative return in cash sums $61,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,565/mo property income covering a $2,349/mo payment, not borrower’s personal income.
Single Family
Built in 1968
3,049 sqft lot
$N/A/sqft
No 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: Sara Maddock • @properties Christie's Int'lAA
Mls Name: MichRIC
Mls Provider:
Mls ID: #24033816
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.