470 4th StManisteeMI49660
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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
Investment property for sale in Manistee at 470 4th St, Manistee, MI, 49660 earns $451/mo cash flow from $2,365/mo rent with a $1,339/mo payment. Total monthly income totals $2,365/mo, and annual cash flow totals $5,412/yr on $90,665 capital. ROI tracks 25.88% on current figures, and rental yield reads 10.38% at a $273,500 purchase. Equity gained on principal adds $1,765/yr, and 5% annual appreciation supports $75,563 over five years. Five-year ROI reaches 135.9% and total cumulative return in cash sums $123,212. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,365/mo property income instead of your personal income.
Single Family
Built in 1900
7,840 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
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