3973 E Three Mile RdLutherMI49656
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 Luther at 3973 E Three Mile Rd, Luther, MI, 49656 at $130,000 posts ROI 34.33% with $518/mo cash flow from $1,375/mo rent. Total monthly income equals $1,375/mo, and annual cash flow records $6,216/yr on $43,095 to close. Return on cash invested measures 34.33% and rental yield reads 12.69% at the current $130,000. Equity gained on principal adds $839/yr, and 5% annual appreciation supports $35,917 by year five. Five-year ROI prints 180.7% and total cumulative return in cash totals $77,871.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,375/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1976
0.98 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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Nearby investment properties with comparable prices
Listed by: Marcie Larr • REMAX Central
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1926644
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.