15678 Locke Rd #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
Total monthly income runs $12,000/mo, and a $9,765/mo payment. Purchase price stands at $1,995,000, and rental yield measures 7.22% with $12,000/mo rent. Return on cash invested shows 18.22% in year one, and 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 94.25% and total cumulative return in cash records $609,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $12,000/mo property income covering a $9,765/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3.15 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
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Listed by: Janice A Smith • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24049210
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.