326 Schoolcraft AveManistiqueMI49854
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
Investment property for sale in Manistique at 326 Schoolcraft Ave, Manistique, MI, 49854 at $130,000 posts ROI 37.2% with $621/mo cash flow from $1,478/mo rent. Total monthly income equals $1,478/mo, and annual cash flow records $7,452/yr on $43,095 to close. Return on cash invested measures 37.2% and rental yield reads 13.64% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 196.09% and total cumulative return in cash totals $84,507.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,478/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1910
0.30 Acres 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: SCOTT MOSIER • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls ID: #50180980