364 12th StManisteeMI49660
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 Manistee at 364 12th St, Manistee, MI, 49660 uses $84,864 cash to close to unlock $14,729/yr annual cash flow and $1,227/mo monthly cash flow. Total monthly income runs $2,954/mo, and a $1,253/mo payment keeps the spread at $1,227/mo. Purchase price stands at $256,000, and rental yield measures 13.85% with $2,954/mo rent. Return on cash invested shows 37.26% in year one, and 5% annual appreciation builds toward $70,728 over five years. Five-year ROI reaches 196.66% and total cumulative return in cash records $166,894. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,954/mo property income covering a $1,253/mo payment rather than investor’s personal income.
Single Family
Built in 1993
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49660, Manistee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,992 (100%) |
| Owner Occupied HU | 4,804 (60.1%) |
| Renter Occupied HU | 1,471 (18.4%) |
| Vacant Housing Units | 1,717 (21.5%) |
| Median Home Value | $207,280 |
| Average Home Value | $266,764 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,423
Multi-Family
280
Businesses
547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
