15775 Lakeshore Rd #2Union 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
Investment property for sale in Union Pier at 15775 Lakeshore Rd #2, Union Pier, MI, 49129 earns from $2,068/mo rent with a $1,762/mo payment. Total monthly income totals $2,068/mo. ROI tracks 15.83% on current figures, and rental yield reads 6.89% at a $360,000 purchase. Equity gained on principal adds $2,323/yr, and 5% annual appreciation supports $99,461 over five years. Five-year ROI reaches 81.83% and total cumulative return in cash sums $97,653. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,068/mo property income instead of your personal income.
Condo
Built in 1900
0.40 Acres lot
$N/A/sqft
$100 monthly 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: Margaret Baczkowski • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24021518
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.