11273 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
Rental property for sale in Luna Pier at 11273 Harold Dr, Luna Pier, MI, 48157 generates $2,238/mo in rent and, after a $1,076/mo payment, leaves $788/mo in cash flow. Total monthly income is $2,238/mo, and annual cash flow is $9,458/yr on $72,897 invested. Return on cash invested sits at 32.88% in year one, and rental yield is 12.21% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 172.98% and total cumulative return in cash sums $126,100. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,238/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
10,018 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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