9474 State Highway M64 #M64-1MareniscoMI49947
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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
Rental property for sale in Marenisco at 9474 State Highway M64 #M64-1, Marenisco, MI, 49947 generates $1,222/mo in rent and, after a $798/mo payment, leaves $88/mo in cash flow. Total monthly income is $1,222/mo, and annual cash flow is $1,055/yr on $54,035 invested. Return on cash invested sits at 21.86% in year one, and rental yield is 9% on a $163,000 entry. Equity gained on principal adds $1,052/yr, while 5% annual appreciation builds toward $45,034 over five years. Five-year ROI reaches 114.32% and total cumulative return in cash sums $61,771. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,222/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$59 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49947, Marenisco, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 698 (100%) |
| Owner Occupied HU | 241 (34.5%) |
| Renter Occupied HU | 29 ( 4.2%) |
| Vacant Housing Units | 428 (61.3%) |
| Median Home Value | $220,833 |
| Average Home Value | $260,353 |
Housing Distribution
Address Breakdown
Residential
235
Single Family
235
Multi-Family
0
Businesses
14
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Listed by: TAMMY KAURANEN • FIRST WEBER - BESSEMER
Mls Name: GNMLS
Mls Provider:
Mls ID: #197275
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.