4353 E Six Mile Rd, Luther, MI, 49656 | 3.07% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,780/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 3.07% with $1,780/mo rent. Return on cash invested shows 5.35% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 25.27% and total cumulative return in cash records $57,774. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,780/mo property income covering a $3,402/mo payment rather than investor’s personal income.

Single Family

Built in 1996

80 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