10222 Lucerne DrReed CityMI49677
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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
Rental property for sale in Reed City at 10222 Lucerne Dr, Reed City, MI, 49677 generates $1,856/mo in rent and, after a $685/mo payment, leaves $933/mo in cash flow. Total monthly income is $1,856/mo, and annual cash flow is $11,198/yr on $46,377 invested. Return on cash invested sits at 44.05% in year one, and rental yield is 15.92% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 232.96% and total cumulative return in cash sums $108,039. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,856/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49677, Reed City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,264 (100%) |
| Owner Occupied HU | 2,110 (64.6%) |
| Renter Occupied HU | 620 (19.0%) |
| Vacant Housing Units | 534 (16.4%) |
| Median Home Value | $150,676 |
| Average Home Value | $194,569 |
Housing Distribution
Address Breakdown
Residential
2,875
Single Family
2,714
Multi-Family
161
Businesses
240
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