471 W Four 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
Rental property for sale in Luther at 471 W Four Mile Rd, Luther, MI, 49656 offers $1,028/mo rent that, after a $656/mo payment, leaves $144/mo cash flow. Total monthly income is $1,028/mo, and annual cash flow is $1,730/yr on $44,421 cash. Return on cash invested measures 23.8% in year one, and rental yield stands at 9.21% at a $134,000 entry. Equity gained on principal adds $865/yr while 5% annual appreciation compounds into $37,022 by year five. Five-year ROI records 124.37% and total cumulative return in cash reaches $55,247. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,028/mo property income versus a $656/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1987
0.94 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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