356 Schaffer CtManchesterMI48158
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 356 Schaffer Ct, Manchester, MI, 48158 priced at $355,000 converts $2,659/mo rent into $318/mo cash flow after a $1,738/mo obligation. Total monthly income equals $2,659/mo, and annual cash flow totals $3,810/yr on $117,683 invested. Return on cash invested prints 23.15% in year one, and rental yield reads 8.99% against a $355,000 entry. Equity gained on principal adds $2,291/yr, while 5% annual appreciation compiles into $98,080 by year five. Five-year ROI reaches 120.74% and total cumulative return in cash sums $142,092. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,659/mo property income covering a $1,738/mo payment, not borrower’s personal income.
Single Family
Built in 1990
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: James Mann • Mann Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24062120
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.