N Manitou Trl #1939965LelandMI49654
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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 Leland at N Manitou Trl #1939965, Leland, MI, 49654 generates $1,774/mo in rent and, after a $1,219/mo payment, leaves $132/mo in cash flow. Total monthly income is $1,774/mo, and annual cash flow is $1,580/yr on $82,544 invested. Return on cash invested sits at 21.82% in year one, and rental yield is 8.55% on a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 113.65% and total cumulative return in cash sums $93,812. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,774/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
6.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49654, Leland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 735 (100%) |
| Owner Occupied HU | 300 (40.8%) |
| Renter Occupied HU | 24 ( 3.3%) |
| Vacant Housing Units | 411 (55.9%) |
| Median Home Value | $643,382 |
| Average Home Value | $807,108 |
Housing Distribution
Address Breakdown
Residential
86
Single Family
86
Multi-Family
0
Businesses
82
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