5811 N Luce RdAlmaMI48801
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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 Alma at 5811 N Luce Rd, Alma, MI, 48801 earns $701/mo cash flow from $3,418/mo rent with a $2,017/mo payment. Total monthly income totals $3,418/mo, and annual cash flow totals $8,407/yr on $136,578 capital. ROI tracks 26.06% on current figures, and rental yield reads 9.96% at a $412,000 purchase. Equity gained on principal adds $2,659/yr, and 5% annual appreciation supports $113,828 over five years. Five-year ROI reaches 136.39% and total cumulative return in cash sums $186,279. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,418/mo property income instead of your personal income.
Single Family
Built in 1950
0.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48801, Alma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,977 (100%) |
| Owner Occupied HU | 3,219 (64.7%) |
| Renter Occupied HU | 1,374 (27.6%) |
| Vacant Housing Units | 384 ( 7.7%) |
| Median Home Value | $135,782 |
| Average Home Value | $176,817 |
Housing Distribution
Address Breakdown
Residential
4,884
Single Family
4,551
Multi-Family
333
Businesses
504
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