800 Wabash AveMancelonaMI49659
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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 Mancelona at 800 Wabash Ave, Mancelona, MI, 49659 priced at $149,950 converts $1,168/mo rent into $179/mo cash flow after a $734/mo obligation. Total monthly income equals $1,168/mo, and annual cash flow totals $2,149/yr on $49,708 invested. Return on cash invested prints 24.23% in year one, and rental yield reads 9.35% against a $149,950 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,428 by year five. Five-year ROI reaches 126.65% and total cumulative return in cash sums $62,954. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,168/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
1 Acres lot
$N/A/sqft
No 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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