710 Cherry StManistiqueMI49854
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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
Rental property for sale in Manistique at 710 Cherry St, Manistique, MI, 49854 priced at $174,000 pairs $2,520/mo rent with $1,372/mo cash flow after a $852/mo payment. Total monthly income equals $2,520/mo, and annual cash flow comes to $16,466/yr on $57,681 invested. Return on cash invested is 48.46% in year one, and rental yield stands at 17.38% on a $174,000 basis. Equity gained on principal adds $1,123/yr, and 5% annual appreciation accumulates to $48,073 by year five. Five-year ROI measures 256.52% and total cumulative return in cash reaches $147,965. For financing, Ziffy Mortgage’s DSCR program evaluates $2,520/mo property income against a $852/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
0.60 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
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Listed by: DAVID MUXLOW • GROVER REAL ESTATE
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50162724
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.