2499 Deeter RdLuzerneMI48636
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
Rental property for sale in Luzerne at 2499 Deeter Rd, Luzerne, MI, 48636 priced at $125,000 converts $1,712/mo rent into $888/mo cash flow after a $612/mo obligation. Total monthly income equals $1,712/mo, and annual cash flow totals $10,650/yr on $41,438 invested. Return on cash invested prints 45.61% in year one, and rental yield reads 16.44% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 241.27% and total cumulative return in cash sums $99,977. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,712/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1939
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48636, Luzerne, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 551 (100%) |
| Owner Occupied HU | 268 (48.6%) |
| Renter Occupied HU | 47 ( 8.5%) |
| Vacant Housing Units | 236 (42.8%) |
| Median Home Value | $128,788 |
| Average Home Value | $186,175 |
Housing Distribution
Address Breakdown
Residential
346
Single Family
346
Multi-Family
0
Businesses
23
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Nearby investment properties with comparable prices
Listed by: Kayla Marie Spohn • KW Northern Michigan Team Partners
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832598
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