501 N Mackinac AveManistiqueMI49854
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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 Manistique at 501 N Mackinac Ave, Manistique, MI, 49854 with 5% annual appreciation on a $117,500 basis while $924/mo rent supports operations. Total monthly income totals $924/mo and a $575/mo payment preserves $149/mo for cash returns. Annual cash flow comes to $1,791/yr on $38,951 deployed, and return on cash invested reaches 24.51% in year one. Equity gained on principal adds $758/yr, and five-year appreciation sums $32,463 alongside rental yield of 9.44%. Five-year ROI measures 128.1% and total cumulative return in cash totals $49,898.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $924/mo property income versus a $575/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No 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
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Listed by: CORRINA JOHNSON • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50187695