10148 E Seven Mile RdLutherMI49656
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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 Luther at 10148 E Seven Mile Rd, Luther, MI, 49656 uses $59,339 cash to close to unlock $2,468/yr annual cash flow and $206/mo monthly cash flow. Total monthly income runs $1,386/mo, and a $876/mo payment keeps the spread at $206/mo. Purchase price stands at $179,000, and rental yield measures 9.29% with $1,386/mo rent. Return on cash invested shows 24.07% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 125.71% and total cumulative return in cash records $74,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,386/mo property income covering a $876/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49656, Luther, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 666 (41.5%) |
| Renter Occupied HU | 96 ( 6.0%) |
| Vacant Housing Units | 841 (52.5%) |
| Median Home Value | $149,306 |
| Average Home Value | $214,223 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
728
Multi-Family
0
Businesses
19
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