603 E Dowland StLudingtonMI49431
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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 Ludington at 603 E Dowland St, Ludington, MI, 49431 uses $59,637 cash to close to unlock $2,510/yr annual cash flow and $209/mo monthly cash flow. Total monthly income runs $1,396/mo, and a $881/mo payment keeps the spread at $209/mo. Purchase price stands at $179,900, and rental yield measures 9.31% with $1,396/mo rent. Return on cash invested shows 24.12% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 126.02% and total cumulative return in cash records $75,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,396/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1890
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49431, Ludington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,373 (100%) |
| Owner Occupied HU | 5,754 (55.5%) |
| Renter Occupied HU | 1,973 (19.0%) |
| Vacant Housing Units | 2,646 (25.5%) |
| Median Home Value | $238,393 |
| Average Home Value | $281,324 |
Housing Distribution
Address Breakdown
Residential
8,827
Single Family
7,558
Multi-Family
1,269
Businesses
857
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