16002 Lakeside RdUnion PierMI49129
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 16002 Lakeside Rd, Union Pier, MI, 49129 in Union Pier speaks for itself: 11.54% gross on a $460,000 price, generating $4,424/mo in rent and $1,391/mo in net income after the $2,068/mo debt service. DSCR 2.14, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $16,691 stacks alongside $127,090 in projected five-year appreciation and $4,237/yr in principal reduction. Projected total cumulative return: $264,740.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 7.2% |
| Monthly Cash Flow | $1,391 | $850 |
City averages based on Union Pier market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,424 |
| Total Monthly Debt Service | $2,850 |
| DSCR Ratio | 1.55x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1941
2.90 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1941
2.90 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MichRIC
Mls ID: #26011081