815 Range 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
Investment property for sale in Manistique at 815 Range St, Manistique, MI, 49854 with 5% annual appreciation on a $175,000 basis while $1,579/mo rent supports operations. Total monthly income totals $1,579/mo and a $857/mo payment preserves $425/mo for cash returns. Annual cash flow comes to $5,094/yr on $58,013 deployed, and return on cash invested reaches 28.69% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,349 alongside rental yield of 10.83%. Five-year ROI measures 150.5% and total cumulative return in cash totals $87,307.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,579/mo property income versus a $857/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1945
7,405 sqft 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: JULIE BARR • KELLER WILLIAMS NM PENINSULA PARTNERS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50184893
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.