200 Ludington St UNIT 4Lake Proposed Unit 4 Level 1 EscanabaMI49829
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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 Lake Proposed Unit 4 Level 1 Escanaba at 200 Ludington St UNIT 4, Lake Proposed Unit 4 Level 1 Escanaba, MI, 49829 generates $1,440/mo in rent, after a $3,867/mo payment. Total monthly income is $1,440/mo. Return on cash invested sits at 2.65% in year one, and rental yield is 2.19% on a $790,000 entry. Equity gained on principal adds $5,098/yr, while 5% annual appreciation builds toward $218,262 over five years. Five-year ROI reaches 10.81% and total cumulative return in cash sums $28,092. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,440/mo property income rather than buyer’s personal income.
Condo
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49829, Escanaba, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,382 (100%) |
| Owner Occupied HU | 5,369 (64.1%) |
| Renter Occupied HU | 2,181 (26.0%) |
| Vacant Housing Units | 832 ( 9.9%) |
| Median Home Value | $144,349 |
| Average Home Value | $166,997 |
Housing Distribution
Address Breakdown
Residential
7,850
Single Family
7,181
Multi-Family
669
Businesses
984
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Listed by: JAMIE BEAVER • KEY REALTY DELTA COUNTY LLC
Mls Name: Upper Peninsula AOR
Mls ID: #50186821