W5948 Evergreen RdMenomineeMI49858
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 W5948 Evergreen Rd, Menominee, MI, 49858 at $289,900 posts ROI 32.24% with $987/mo cash flow from $2,899/mo rent. Total monthly income equals $2,899/mo, and annual cash flow records $11,846/yr on $96,102 to close. Return on cash invested measures 32.24% and rental yield reads 12% at the current $289,900. Equity gained on principal adds $1,871/yr, and 5% annual appreciation supports $80,094 by year five. Five-year ROI prints 169.5% and total cumulative return in cash totals $162,897.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,899/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2004
2.33 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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