3953 Woerner RdManitou BeachMI49253
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 3953 Woerner Rd, Manitou Beach, MI, 49253 in Manitou Beach fits: $1,595,000, 3.32% gross yield, and a projected 5% annual appreciation rate adding $440,669 in value within five years. Rental yield 3.32%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.61) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $14,690/yr in principal paydown and $440,669 in appreciation project a total return of $214,480.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 7.2% |
| Monthly Cash Flow | $(6,109) | $1,200 |
City averages based on Manitou Beach market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,409 |
| Total Monthly Debt Service | $9,884 |
| DSCR Ratio | 0.45x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
0.76 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
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
Single Family
Built in 2025
0.76 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: Mark Riggle • RE/MAX IRISH HILLS REALTY
Mls Name: MichRIC
Mls ID: #25057612