10620 Harold DrLuna PierMI48157
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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 Luna Pier at 10620 Harold Dr, Luna Pier, MI, 48157 earns $926/mo cash flow from $1,915/mo rent with a $734/mo payment. Total monthly income totals $1,915/mo, and annual cash flow totals $11,112/yr on $49,725 capital. ROI tracks 42.26% on current figures, and rental yield reads 15.32% at a $150,000 purchase. Equity gained on principal adds $968/yr, and 5% annual appreciation supports $41,442 over five years. Five-year ROI reaches 223.19% and total cumulative return in cash sums $110,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,915/mo property income instead of your personal income.
Single Family
Built in 1987
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48157, Luna Pier, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 474 (66.1%) |
| Renter Occupied HU | 167 (23.3%) |
| Vacant Housing Units | 76 (10.6%) |
| Median Home Value | $260,714 |
| Average Home Value | $277,400 |
Housing Distribution
Address Breakdown
Residential
448
Single Family
348
Multi-Family
100
Businesses
36
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