2779 N State RdLutherMI49656
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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 Luther at 2779 N State Rd, Luther, MI, 49656 with 5% annual appreciation on a $188,800 basis while $1,810/mo rent supports operations. Total monthly income totals $1,810/mo and a $924/mo payment preserves $565/mo for cash returns. Annual cash flow comes to $6,780/yr on $62,587 deployed, and return on cash invested reaches 30.74% in year one. Equity gained on principal adds $1,218/yr, and five-year appreciation sums $52,162 alongside rental yield of 11.5%. Five-year ROI measures 161.55% and total cumulative return in cash totals $101,108.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,810/mo property income versus a $924/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49656, Luther, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 666 (41.5%) |
| Renter Occupied HU | 96 ( 6.0%) |
| Vacant Housing Units | 841 (52.5%) |
| Median Home Value | $149,306 |
| Average Home Value | $214,223 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
728
Multi-Family
0
Businesses
19
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