6321 Esch RdManchesterMI48158
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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 Manchester at 6321 Esch Rd, Manchester, MI, 48158 uses $99,119 cash to close to unlock $1,376/yr annual cash flow and $115/mo monthly cash flow. Total monthly income runs $2,086/mo, and a $1,463/mo payment keeps the spread at $115/mo. Purchase price stands at $299,000, and rental yield measures 8.37% with $2,086/mo rent. Return on cash invested shows 21.3% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 110.83% and total cumulative return in cash records $109,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,086/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1992
5.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48158, Manchester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,254 (100%) |
| Owner Occupied HU | 2,773 (85.2%) |
| Renter Occupied HU | 312 ( 9.6%) |
| Vacant Housing Units | 169 ( 5.2%) |
| Median Home Value | $363,695 |
| Average Home Value | $428,857 |
Housing Distribution
Address Breakdown
Residential
2,959
Single Family
2,934
Multi-Family
25
Businesses
172
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Listed by: Kevin Devine • The Charles Reinhart Company
Mls Name: MichRIC
Mls ID: #25055388