416 S Michigan AveMantonMI49663
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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 Manton at 416 S Michigan Ave, Manton, MI, 49663 priced at $275,000 converts $1,895/mo rent into after a $1,346/mo obligation. Total monthly income equals $1,895/mo. Return on cash invested prints 19.41% in year one, and rental yield reads 8.27% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 101.32% and total cumulative return in cash sums $92,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,895/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49663, Manton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,730 (100%) |
| Owner Occupied HU | 1,906 (69.8%) |
| Renter Occupied HU | 388 (14.2%) |
| Vacant Housing Units | 436 (16.0%) |
| Median Home Value | $168,750 |
| Average Home Value | $199,066 |
Housing Distribution
Address Breakdown
Residential
2,249
Single Family
2,179
Multi-Family
70
Businesses
101
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