535 Maple 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
Rental property for sale in Manistee at 535 Maple St, Manistee, MI, 49660 priced at $495,000 converts $3,408/mo rent into $144/mo cash flow after a $2,423/mo obligation. Total monthly income equals $3,408/mo, and annual cash flow totals $1,722/yr on $164,093 invested. Return on cash invested prints 20.96% in year one, and rental yield reads 8.26% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 109.01% and total cumulative return in cash sums $178,882. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,408/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.50 Acres 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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