698 N River RdManistiqueMI49854
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Manistique at 698 N River Rd, Manistique, MI, 49854 at $132,500 posts ROI 25.01% with $187/mo cash flow from $1,061/mo rent. Total monthly income equals $1,061/mo, and annual cash flow records $2,241/yr on $43,924 to close. Return on cash invested measures 25.01% and rental yield reads 9.61% at the current $132,500. Equity gained on principal adds $855/yr, and 5% annual appreciation supports $36,607 by year five. Five-year ROI prints 130.77% and total cumulative return in cash totals $57,440.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,061/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
6.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49854, Manistique, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,252 (100%) |
| Owner Occupied HU | 2,376 (55.9%) |
| Renter Occupied HU | 531 (12.5%) |
| Vacant Housing Units | 1,345 (31.6%) |
| Median Home Value | $169,543 |
| Average Home Value | $207,394 |
Housing Distribution
Address Breakdown
Residential
3,074
Single Family
2,895
Multi-Family
179
Businesses
278
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TRAVIS WOOD • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls ID: #50189558