3009 17th 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
Investment property for sale in Menominee at 3009 17th St, Menominee, MI, 49858 uses $77,571 cash to close to unlock $9,146/yr annual cash flow and $762/mo monthly cash flow. Total monthly income runs $2,305/mo, and a $1,145/mo payment keeps the spread at $762/mo. Purchase price stands at $234,000, and rental yield measures 11.82% with $2,305/mo rent. Return on cash invested shows 31.7% in year one, and 5% annual appreciation builds toward $64,650 over five years. Five-year ROI reaches 166.66% and total cumulative return in cash records $129,279. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,305/mo property income covering a $1,145/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.25 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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