N923 HWY M-35MenomineeMI49858
Nearby investment properties with comparable rents
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
Investment property for sale in Menominee at N923 HWY M-35, Menominee, MI, 49858 earns $244/mo cash flow from $1,415/mo rent with a $869/mo payment. Total monthly income totals $1,415/mo, and annual cash flow totals $2,931/yr on $58,841 capital. ROI tracks 24.89% on current figures, and rental yield reads 9.57% at a $177,500 purchase. Equity gained on principal adds $1,145/yr, and 5% annual appreciation supports $49,040 over five years. Five-year ROI reaches 130.17% and total cumulative return in cash sums $76,596. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,415/mo property income instead of your personal income.
Single Family
Built in 1941
0.39 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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Nearby investment properties with comparable prices
Listed by: Rick Hetcher • Berkshire Hathaway HomeServices Northern Real Estate Group
Mls Name: WIREX MLS
Mls Provider:
Mls ID: #50309120
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