3207 16TH STREET, Menominee, MI, 49858 | $243/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Menominee at 3207 16TH STREET, Menominee, MI, 49858 listed at $264,900 pairs $1,990/mo rent with a $1,297/mo payment to leave $243/mo cash flow. Total monthly income runs $1,990/mo, and annual cash flow reaches $2,912/yr on $87,814 cash to close. Return on cash invested measures 23.23% in year one, and rental yield registers 9.01% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 121.18% and total cumulative return in cash totals $106,412. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,990/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1958

9,147 sqft 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