304 1st AveManisteeMI49660
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Manistee at 304 1st Ave, Manistee, MI, 49660 generates $2,588/mo in rent and, after a $1,415/mo payment, leaves $682/mo in cash flow. Total monthly income is $2,588/mo, and annual cash flow is $8,180/yr on $95,804 invested. Return on cash invested sits at 28.45% in year one, and rental yield is 10.75% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 149.17% and total cumulative return in cash sums $142,910. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,588/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49660, Manistee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,992 (100%) |
| Owner Occupied HU | 4,804 (60.1%) |
| Renter Occupied HU | 1,471 (18.4%) |
| Vacant Housing Units | 1,717 (21.5%) |
| Median Home Value | $207,280 |
| Average Home Value | $266,764 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,423
Multi-Family
280
Businesses
547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices