6881 Meinert RdMontagueMI49437
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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 Montague at 6881 Meinert Rd, Montague, MI, 49437 uses $82,875 cash to close to unlock $1,884/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,806/mo, and a $1,224/mo payment keeps the spread at $157/mo. Purchase price stands at $250,000, and rental yield measures 8.67% with $1,806/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 115.54% and total cumulative return in cash records $95,758. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,806/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Manufactured
Built in 1999
2.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49437, Montague, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,650 (100%) |
| Owner Occupied HU | 2,595 (71.1%) |
| Renter Occupied HU | 355 ( 9.7%) |
| Vacant Housing Units | 700 (19.2%) |
| Median Home Value | $240,329 |
| Average Home Value | $327,025 |
Housing Distribution
Address Breakdown
Residential
3,213
Single Family
3,102
Multi-Family
111
Businesses
184
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