8600 E Ferndale DrManitou BeachMI49253
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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 Manitou Beach at 8600 E Ferndale Dr, Manitou Beach, MI, 49253 with 5% annual appreciation on a $1,495,000 basis while $4,086/mo rent supports operations. 07% in year one. Equity gained on principal adds $9,647/yr, and five-year appreciation sums $413,041 alongside rental yield of 3.28%. Five-year ROI measures 29.07% and total cumulative return in cash totals $140,821. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,086/mo property income versus a $7,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
0.74 Acres 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: #24053962
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.