86 Charter CtManisteeMI49660
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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 Manistee at 86 Charter Ct, Manistee, MI, 49660 with 5% annual appreciation on a $478,500 basis while $2,357/mo rent supports operations. 61% in year one. Equity gained on principal adds $3,088/yr, and five-year appreciation sums $132,201 alongside rental yield of 5.91%. Five-year ROI measures 59.67% and total cumulative return in cash totals $94,658. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,357/mo property income versus a $2,342/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1999
N/A lot
$N/A/sqft
$299 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49660, Manistee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,992 (100%) |
| Owner Occupied HU | 4,804 (60.1%) |
| Renter Occupied HU | 1,471 (18.4%) |
| Vacant Housing Units | 1,717 (21.5%) |
| Median Home Value | $207,280 |
| Average Home Value | $266,764 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,423
Multi-Family
280
Businesses
547
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