396 Harbor View Dr APT 8ManistiqueMI49854
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow396 Harbor View Dr APT 8, Manistique, MI, 49854 in Manistique is a solid income-producing rental, 10.12% gross yield, $2,615/mo rent, $267/mo net cash flow on a $310,000 buy. DSCR 1.88 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $85,647 and $2,855/yr in principal reduction project a total cumulative return of $136,632.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.8% |
| Monthly Cash Flow | $267 | $450 |
City averages based on Manistique market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,615 |
| Total Monthly Debt Service | $2,224 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1999
N/A lot
$N/A/sqft
$910 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49854, Manistique, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,252 (100%) |
| Owner Occupied HU | 2,376 (55.9%) |
| Renter Occupied HU | 531 (12.5%) |
| Vacant Housing Units | 1,345 (31.6%) |
| Median Home Value | $169,543 |
| Average Home Value | $207,394 |
Housing Distribution
Address Breakdown
Residential
3,074
Single Family
2,895
Multi-Family
179
Businesses
278
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
Condo
Built in 1999
N/A lot
$N/A/sqft
$910 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49854, Manistique, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,252 (100%) |
| Owner Occupied HU | 2,376 (55.9%) |
| Renter Occupied HU | 531 (12.5%) |
| Vacant Housing Units | 1,345 (31.6%) |
| Median Home Value | $169,543 |
| Average Home Value | $207,394 |
Housing Distribution
Address Breakdown
Residential
3,074
Single Family
2,895
Multi-Family
179
Businesses
278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: SARA ANDERSON • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50176259
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.