15678 Locke RdUnion 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 15678 Locke Rd, Union Pier, MI, 49129 generates $2,100/mo in rent, after a $8,076/mo payment. Total monthly income is $2,100/mo. Return on cash invested sits at 0.66% in year one, and rental yield is 1.53% on a $1,650,000 entry. Equity gained on principal adds $10,647/yr, while 5% annual appreciation builds toward $455,865 over five years. Five-year ROI reaches 0.06% and total cumulative return in cash sums $317. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,100/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.46 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: #24049213
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.