10299 Ward AveUnion PierMI49129
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
Total monthly income runs $5,564/mo, and a $9,177/mo payment. Purchase price stands at $1,875,000, and rental yield measures 3.56% with $5,564/mo rent. Return on cash invested shows 6.81% in year one, and 5% annual appreciation builds toward $518,028 over five years. Five-year ROI reaches 33.06% and total cumulative return in cash records $200,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,564/mo property income covering a $9,177/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.27 Acres lot
$N/A/sqft
$800 annually 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: Elizabeth Roch • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24048644
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.