N241 RIVER DRIVEMenomineeMI49858
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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 Menominee at N241 RIVER DRIVE, Menominee, MI, 49858 earns $69/mo cash flow from $2,047/mo rent with a $1,468/mo payment. Total monthly income totals $2,047/mo, and annual cash flow totals $830/yr on $99,417 capital. ROI tracks 20.74% on current figures, and rental yield reads 8.19% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 107.9% and total cumulative return in cash sums $107,272. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,047/mo property income instead of your personal income.
Single Family
Built in 1968
1.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49858, Menominee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,238 (100%) |
| Owner Occupied HU | 4,248 (68.1%) |
| Renter Occupied HU | 1,394 (22.3%) |
| Vacant Housing Units | 596 ( 9.6%) |
| Median Home Value | $148,022 |
| Average Home Value | $193,075 |
Housing Distribution
Address Breakdown
Residential
5,917
Single Family
5,464
Multi-Family
453
Businesses
429
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Listed by: Karen Kloida • Broadway Real Estate
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #50306596
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.