15612 Isobel St #1Union PierMI49129
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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 Union Pier at 15612 Isobel St #1, Union Pier, MI, 49129 generates $1,560/mo in rent, after a $1,835/mo payment. Total monthly income is $1,560/mo. Return on cash invested sits at 11.1% in year one, and rental yield is 4.99% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 56.15% and total cumulative return in cash sums $69,807. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Condo
Built in 1942
8,276 sqft 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
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Listed by: Maureen Culp • RE/MAX Harbor Country
Mls Name: MichRIC
Mls ID: #25050187