606 E Loomis StLudingtonMI49431
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
Investment property for sale in Ludington at 606 E Loomis St, Ludington, MI, 49431 uses $84,533 cash to close to unlock $22,254/yr annual cash flow and $1,855/mo monthly cash flow. Total monthly income runs $3,536/mo, and a $1,248/mo payment keeps the spread at $1,855/mo. Purchase price stands at $255,000, and rental yield measures 16.64% with $3,536/mo rent. Return on cash invested shows 46.23% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 244.57% and total cumulative return in cash records $206,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,536/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1900
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
