6051 N Manistee River RdFredericMI49733
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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 Frederic at 6051 N Manistee River Rd, Frederic, MI, 49733 listed at $365,000 pairs $1,470/mo rent with a $1,786/mo payment. Total monthly income runs $1,470/mo. Return on cash invested measures 10.62% in year one, and rental yield registers 4.83% at a $365,000 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,843 by year five. Five-year ROI tracks 53.58% and total cumulative return in cash totals $64,831. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,470/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1975
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49733, Frederic, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,659 (100%) |
| Owner Occupied HU | 726 (43.8%) |
| Renter Occupied HU | 109 ( 6.6%) |
| Vacant Housing Units | 824 (49.7%) |
| Median Home Value | $218,354 |
| Average Home Value | $249,101 |
Housing Distribution
Address Breakdown
Residential
807
Single Family
807
Multi-Family
0
Businesses
29
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