521 Hancock StManisteeMI49660
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
Investment property for sale in Manistee at 521 Hancock St, Manistee, MI, 49660 at $119,700 posts ROI 28.45% with $283/mo cash flow from $1,072/mo rent. Total monthly income equals $1,072/mo, and annual cash flow records $3,390/yr on $39,681 to close. Return on cash invested measures 28.45% and rental yield reads 10.75% at the current $119,700. Equity gained on principal adds $772/yr, and 5% annual appreciation supports $33,071 by year five. Five-year ROI prints 149.26% and total cumulative return in cash totals $59,229.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,072/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
5,662 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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