10278 Apple AveUnion PierMI49129
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 10278 Apple Ave, Union Pier, MI, 49129 in Union Pier. Priced at $560,000, it generates $3,790/mo in gross rent and $1,911/mo in net monthly cash flow, a 15.96% yield that comfortably supports the 1.51 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $22,927. Five-year appreciation: $154,718. Equity from principal paydown: $5,158/yr. Total projected cumulative return: $219,577.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16% | 7.2% |
| Monthly Cash Flow | $1,911 | $850 |
City averages based on Union Pier market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,790 |
| Total Monthly Debt Service | $3,470 |
| DSCR Ratio | 1.09x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49129, Union Pier, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,246 (100%) |
| Owner Occupied HU | 300 (24.1%) |
| Renter Occupied HU | 46 ( 3.7%) |
| Vacant Housing Units | 900 (72.2%) |
| Median Home Value | $506,579 |
| Average Home Value | $697,942 |
Housing Distribution
Address Breakdown
Residential
377
Single Family
351
Multi-Family
26
Businesses
57
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
Single Family
Built in 1930
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49129, Union Pier, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,246 (100%) |
| Owner Occupied HU | 300 (24.1%) |
| Renter Occupied HU | 46 ( 3.7%) |
| Vacant Housing Units | 900 (72.2%) |
| Median Home Value | $506,579 |
| Average Home Value | $697,942 |
Housing Distribution
Address Breakdown
Residential
377
Single Family
351
Multi-Family
26
Businesses
57
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Miller • Active Realtors
Mls Name: MichRIC
Mls Provider:
Mls ID: #25037381
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.