6687 Schuss Mountain Rd #581MancelonaMI49659
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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 Mancelona at 6687 Schuss Mountain Rd #581, Mancelona, MI, 49659 earns from $1,140/mo rent with a $1,346/mo payment. Total monthly income totals $1,140/mo. ROI tracks 7.29% on current figures, and rental yield reads 4.97% at a $274,995 purchase. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,976 over five years. Five-year ROI reaches 37.09% and total cumulative return in cash sums $33,813. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,140/mo property income instead of your personal income.
Condo
Built in 1983
N/A lot
$N/A/sqft
$3,420 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49659, Mancelona, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,599 (100%) |
| Owner Occupied HU | 2,407 (52.3%) |
| Renter Occupied HU | 437 ( 9.5%) |
| Vacant Housing Units | 1,755 (38.2%) |
| Median Home Value | $167,432 |
| Average Home Value | $208,685 |
Housing Distribution
Address Breakdown
Residential
2,679
Single Family
2,663
Multi-Family
16
Businesses
136
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Listed by: Beth Olosky • eXp Realty, LLC
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932396
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.