317 Lake StManistiqueMI49854
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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 Manistique at 317 Lake St, Manistique, MI, 49854 earns $1,151/mo cash flow from $2,203/mo rent with a $781/mo payment. Total monthly income totals $2,203/mo, and annual cash flow totals $13,810/yr on $52,874 capital. ROI tracks 46.03% on current figures, and rental yield reads 16.57% at a $159,500 purchase. Equity gained on principal adds $1,029/yr, and 5% annual appreciation supports $44,067 over five years. Five-year ROI reaches 243.45% and total cumulative return in cash sums $128,725. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,203/mo property income instead of your personal income.
Single Family
Built in 1930
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49854, Manistique, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,252 (100%) |
| Owner Occupied HU | 2,376 (55.9%) |
| Renter Occupied HU | 531 (12.5%) |
| Vacant Housing Units | 1,345 (31.6%) |
| Median Home Value | $169,543 |
| Average Home Value | $207,394 |
Housing Distribution
Address Breakdown
Residential
3,074
Single Family
2,895
Multi-Family
179
Businesses
278
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Listed by: TRAVIS WOOD • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50147100
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.