318 Beachwalk TrlLuna PierMI48157
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowReliable, bankable, and well-priced, 318 Beachwalk Trl, Luna Pier, MI, 48157 in Luna Pier delivers $1,721/mo in gross rent and $359/mo in net monthly income at a $179,900 entry. The 11.48% yield and 2.13 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $49,703 over five years and $1,657/yr in equity from loan paydown, total projected return is $92,482.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 8.2% |
| Monthly Cash Flow | $359 | $320 |
City averages based on Luna Pier market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,721 |
| Total Monthly Debt Service | $1,290 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48157, Luna Pier, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 474 (66.1%) |
| Renter Occupied HU | 167 (23.3%) |
| Vacant Housing Units | 76 (10.6%) |
| Median Home Value | $260,714 |
| Average Home Value | $277,400 |
Housing Distribution
Address Breakdown
Residential
448
Single Family
348
Multi-Family
100
Businesses
36
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
Condo
Built in 2004
N/A lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48157, Luna Pier, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 717 (100%) |
| Owner Occupied HU | 474 (66.1%) |
| Renter Occupied HU | 167 (23.3%) |
| Vacant Housing Units | 76 (10.6%) |
| Median Home Value | $260,714 |
| Average Home Value | $277,400 |
Housing Distribution
Address Breakdown
Residential
448
Single Family
348
Multi-Family
100
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices