507 Mackinaw TrlLuna PierMI48157
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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
Investment Highlights
Investment property for sale in Luna Pier at 507 Mackinaw Trl, Luna Pier, MI, 48157 uses $61,294 cash to close to unlock $4,568/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,600/mo, and a $905/mo payment keeps the spread at $381/mo. Purchase price stands at $184,900, and rental yield measures 10.38% with $1,600/mo rent. Return on cash invested shows 27.36% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 143.36% and total cumulative return in cash records $87,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,600/mo property income covering a $905/mo payment rather than investor’s personal income.
Condo
Built in 2004
N/A lot
$N/A/sqft
No 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
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