515 W Onota StMunisingMI49862
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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 Munising at 515 W Onota St, Munising, MI, 49862 listed at $249,900 pairs $1,219/mo rent with a $1,223/mo payment. Total monthly income runs $1,219/mo. Return on cash invested measures 13.7% in year one, and rental yield registers 5.85% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 70.13% and total cumulative return in cash totals $58,094. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,219/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49862, Munising, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,483 (100%) |
| Owner Occupied HU | 1,371 (55.2%) |
| Renter Occupied HU | 343 (13.8%) |
| Vacant Housing Units | 769 (31.0%) |
| Median Home Value | $173,115 |
| Average Home Value | $218,115 |
Housing Distribution
Address Breakdown
Residential
1,802
Single Family
1,658
Multi-Family
144
Businesses
217
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Listed by: CRAIG HEINONEN • COLDWELL BANKER SCHMIDT REALTORS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50171254
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