8610 Grassmere CtMancelonaMI49659
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 8610 Grassmere Ct, Mancelona, MI, 49659 in Mancelona at $135,000 earns $1,063/mo in rent and nets $173/mo after the $607/mo payment, a 9.45% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $37,298 over five years. Ziffy Mortgage underwrites this on a 1.75 DSCR without U.S. credit history. With $1,243/yr in principal paydown, total projected return reaches $62,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $173 | $300 |
City averages based on Mancelona market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,063 |
| Total Monthly Debt Service | $837 |
| DSCR Ratio | 1.27x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1978
0.52 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
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
Single Family
Built in 1978
0.52 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices