8825 Mills RdManitou BeachMI49253
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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 8825 Mills Rd, Manitou Beach, MI, 49253 priced at $395,000 pairs $2,995/mo rent with $391/mo cash flow after a $1,933/mo payment. Total monthly income equals $2,995/mo, and annual cash flow comes to $4,686/yr on $130,943 invested. Return on cash invested is 23.49% in year one, and rental yield stands at 9.1% on a $395,000 basis. Equity gained on principal adds $2,549/yr, and 5% annual appreciation accumulates to $109,131 by year five. Five-year ROI measures 122.58% and total cumulative return in cash reaches $160,506. For financing, Ziffy Mortgage’s DSCR program evaluates $2,995/mo property income against a $1,933/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.83 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: PENNY NOREIKA • RE/MAX IRISH HILLS REALTY
Mls Name: MichRIC
Mls ID: #25046519