208 S Washington AveLudingtonMI49431
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
Investment Highlights
Investment property for sale in Ludington at 208 S Washington Ave, Ludington, MI, 49431 at $224,900 posts ROI 32.93% with $809/mo cash flow from $2,292/mo rent. Total monthly income equals $2,292/mo, and annual cash flow records $9,704/yr on $74,554 to close. Return on cash invested measures 32.93% and rental yield reads 12.23% at the current $224,900. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 by year five. Five-year ROI prints 173.17% and total cumulative return in cash totals $129,109.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,292/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1890
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49431, Ludington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,373 (100%) |
| Owner Occupied HU | 5,754 (55.5%) |
| Renter Occupied HU | 1,973 (19.0%) |
| Vacant Housing Units | 2,646 (25.5%) |
| Median Home Value | $238,393 |
| Average Home Value | $281,324 |
Housing Distribution
Address Breakdown
Residential
8,827
Single Family
7,558
Multi-Family
1,269
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
