610 Hopkins StManisteeMI49660
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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 610 Hopkins St, Manistee, MI, 49660 uses $39,780 cash to close to unlock $3,328/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,238/mo, and a $587/mo payment keeps the spread at $277/mo. Purchase price stands at $120,000, and rental yield measures 12.38% with $1,238/mo rent. Return on cash invested shows 28.27% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 150.18% and total cumulative return in cash records $59,743. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,238/mo property income covering a $587/mo payment rather than investor’s personal income.
Multi Family
Built in 1860
5,227 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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