16007 Goodwin Ave #7Union 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 16007 Goodwin Ave #7, Union Pier, MI, 49129 earns from $5,040/mo rent with a $4,160/mo payment. Total monthly income totals $5,040/mo. ROI tracks 17.64% on current figures, and rental yield reads 7.12% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 91.15% and total cumulative return in cash sums $254,890. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,040/mo property income instead of your personal income.
Condo
Built in 2023
1.06 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: Kyle I Zelmer • Century 21 Affiliated
Mls Name: MichRIC
Mls ID: #25040488