6103 Highland AveManitou BeachMI49253
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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 Manitou Beach at 6103 Highland Ave, Manitou Beach, MI, 49253 at $749,900 posts ROI 5.39% with from $1,928/mo rent. Total monthly income equals $1,928/mo. Return on cash invested measures 5.39% and rental yield reads 3.09% at the current $749,900. Equity gained on principal adds $4,839/yr, and 5% annual appreciation supports $207,184 by year five. Five-year ROI prints 25.48% and total cumulative return in cash totals $62,854. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,928/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1955
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49253, Manitou Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,131 (51.9%) |
| Renter Occupied HU | 195 ( 8.9%) |
| Vacant Housing Units | 854 (39.2%) |
| Median Home Value | $338,393 |
| Average Home Value | $436,514 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
42
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Listed by: Gloria Leonard • Howard Hanna Real Estate Services-Adrian
Mls Name: MiRealSource
Mls ID: #50190095