8370 Horton Beach RdManitou BeachMI49253
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
Rental property for sale in Manitou Beach at 8370 Horton Beach Rd, Manitou Beach, MI, 49253 generates $1,561/mo in rent, after a $3,402/mo payment. Total monthly income is $1,561/mo. Return on cash invested sits at 4.2% in year one, and rental yield is 2.7% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 19.1% and total cumulative return in cash sums $43,674. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,561/mo property income rather than buyer’s personal income.
Single Family
Built in 1942
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49253, Manitou Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,180 (100%) |
| Owner Occupied HU | 1,131 (51.9%) |
| Renter Occupied HU | 195 ( 8.9%) |
| Vacant Housing Units | 854 (39.2%) |
| Median Home Value | $338,393 |
| Average Home Value | $436,514 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,576
Multi-Family
0
Businesses
42
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Listed by: Mark Riggle • RE/MAX IRISH HILLS REALTY
Mls Name: MichRIC
Mls Provider:
Mls ID: #25026692
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.