5971 W Us Highway 2ManistiqueMI49854
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 Manistique at 5971 W Us Highway 2, Manistique, MI, 49854 uses $82,875 cash to close to unlock $5,412/yr annual cash flow and $451/mo monthly cash flow. Total monthly income runs $2,100/mo, and a $1,224/mo payment keeps the spread at $451/mo. Purchase price stands at $250,000, and rental yield measures 10.08% with $2,100/mo rent. Return on cash invested shows 26.44% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 138.39% and total cumulative return in cash records $114,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,100/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1975
1.69 Acres 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: JULIE BARR • KELLER WILLIAMS NM PENINSULA PARTNERS
Mls Name: Upper Peninsula AOR
Mls ID: #50189414