3951 Woerner RdManitou BeachMI49253
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 Manitou Beach at 3951 Woerner Rd, Manitou Beach, MI, 49253 priced at $1,495,000 pairs $2,275/mo rent with after a $7,317/mo payment. Total monthly income equals $2,275/mo. Return on cash invested is 1.58% in year one, and rental yield stands at 1.83% on a $1,495,000 basis. Equity gained on principal adds $9,647/yr, and 5% annual appreciation accumulates to $413,041 by year five. Five-year ROI measures 5.01% and total cumulative return in cash reaches $24,289. For financing, Ziffy Mortgage’s DSCR program evaluates $2,275/mo property income against a $7,317/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1840
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49253, Manitou Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,131 (51.9%) |
| Renter Occupied HU | 195 ( 8.9%) |
| Vacant Housing Units | 854 (39.2%) |
| Median Home Value | $338,393 |
| Average Home Value | $436,514 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeffrey Davis • Sellnik Michigan LLC
Mls Name: MichRIC
Mls ID: #25037601