N10239 E Shore RdMareniscoMI49947
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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 Marenisco at N10239 E Shore Rd, Marenisco, MI, 49947 offers a 2.53% rental yield on a $949,000 purchase with $2,002/mo rent. 7% in year one. Equity gained on principal adds $6,124/yr while 5% annual appreciation supports $262,191 over five years. Portfolio math shows five-year ROI at 16.43% and total cumulative return in cash at $51,300. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,002/mo property income against a $4,645/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
1.38 Acres lot
$N/A/sqft
No 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: PETER SEIFERT • FIRST WEBER - BESSEMER
Mls Name: GNMLS
Mls Provider:
Mls ID: #212340
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.