603 Browning AveManisteeMI49660
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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 Manistee at 603 Browning Ave, Manistee, MI, 49660 with 5% annual appreciation on a $337,700 basis while $4,373/mo rent supports operations. Total monthly income totals $4,373/mo and a $1,653/mo payment preserves $2,146/mo for cash returns. Annual cash flow comes to $25,751/yr on $111,948 deployed, and return on cash invested reaches 42.91% in year one. Equity gained on principal adds $2,179/yr, and five-year appreciation sums $93,300 alongside rental yield of 15.54%. Five-year ROI measures 226.71% and total cumulative return in cash totals $253,792.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,373/mo property income versus a $1,653/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1962
0.40 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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