8315 Merrimon CtMancelonaMI49659
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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 8315 Merrimon Ct, Mancelona, MI, 49659 generates $1,154/mo in rent and, after a $710/mo payment, leaves $198/mo in cash flow. Total monthly income is $1,154/mo, and annual cash flow is $2,370/yr on $48,068 invested. Return on cash invested sits at 24.84% in year one, and rental yield is 9.55% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 129.83% and total cumulative return in cash sums $62,408. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,154/mo property income rather than buyer’s personal income.
Manufactured
Built in 1997
0.78 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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