Red AppleManisteeMI49660
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
Rental property for sale in Manistee at Red Apple, Manistee, MI, 49660 generates $3,522/mo in rent and, after a $680/mo payment, leaves $2,606/mo in cash flow. Total monthly income is $3,522/mo, and annual cash flow is $31,268/yr on $46,079 invested. Return on cash invested sits at 87.77% in year one, and rental yield is 30.41% on a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation builds toward $38,403 over five years. Five-year ROI reaches 467.3% and total cumulative return in cash sums $215,324. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,522/mo property income rather than buyer’s personal income.
Lot
Built in N/A
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49660, Manistee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,992 (100%) |
| Owner Occupied HU | 4,804 (60.1%) |
| Renter Occupied HU | 1,471 (18.4%) |
| Vacant Housing Units | 1,717 (21.5%) |
| Median Home Value | $207,280 |
| Average Home Value | $266,764 |
Housing Distribution
Address Breakdown
Residential
6,703
Single Family
6,423
Multi-Family
280
Businesses
547
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
