338 Baker StManchesterMI48158
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 Manchester at 338 Baker St, Manchester, MI, 48158 offers $3,832/mo rent that, after a $1,982/mo payment, leaves $1,162/mo cash flow. Total monthly income is $3,832/mo, and annual cash flow is $13,940/yr on $134,224 cash. Return on cash invested measures 30.29% in year one, and rental yield stands at 11.36% at a $404,900 entry. Equity gained on principal adds $2,613/yr while 5% annual appreciation compounds into $111,866 by year five. Five-year ROI records 159.07% and total cumulative return in cash reaches $213,510. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,832/mo property income versus a $1,982/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48158, Manchester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,254 (100%) |
| Owner Occupied HU | 2,773 (85.2%) |
| Renter Occupied HU | 312 ( 9.6%) |
| Vacant Housing Units | 169 ( 5.2%) |
| Median Home Value | $363,695 |
| Average Home Value | $428,857 |
Housing Distribution
Address Breakdown
Residential
2,959
Single Family
2,934
Multi-Family
25
Businesses
172
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Nearby investment properties with comparable prices
Listed by: La Tanya Keith • Keller Williams Ann Arbor Mrkt
Mls Name: MichRIC
Mls ID: #25044858