4930 Doerr RdMancelonaMI49659
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 Mancelona at 4930 Doerr Rd, Mancelona, MI, 49659 generates $2,185/mo in rent and, after a $1,121/mo payment, leaves $675/mo in cash flow. Total monthly income is $2,185/mo, and annual cash flow is $8,096/yr on $75,914 invested. Return on cash invested sits at 30.57% in year one, and rental yield is 11.45% on a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 160.58% and total cumulative return in cash sums $121,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,185/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49659, Mancelona, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,599 (100%) |
| Owner Occupied HU | 2,407 (52.3%) |
| Renter Occupied HU | 437 ( 9.5%) |
| Vacant Housing Units | 1,755 (38.2%) |
| Median Home Value | $167,432 |
| Average Home Value | $208,685 |
Housing Distribution
Address Breakdown
Residential
2,679
Single Family
2,663
Multi-Family
16
Businesses
136
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Listed by: Jennifer Burr • Coldwell Banker Boyne City
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1927230
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.