86 Washington St #340ManisteeMI49660
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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 Washington St #340, Manistee, MI, 49660 offers a 8.74% rental yield on a $140,000 purchase with $1,020/mo rent. 31% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 81.26% and total cumulative return in cash at $37,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1910
N/A lot
$N/A/sqft
$275 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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