6651 W Hermitage AveLudingtonMI49431
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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 6651 W Hermitage Ave, Ludington, MI, 49431 earns $188/mo cash flow from $1,468/mo rent with a $950/mo payment. Total monthly income totals $1,468/mo, and annual cash flow totals $2,258/yr on $64,311 capital. ROI tracks 23.42% on current figures, and rental yield reads 9.08% at a $194,000 purchase. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 over five years. Five-year ROI reaches 122.29% and total cumulative return in cash sums $78,644. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,468/mo property income instead of your personal income.
Single Family
Built in 1950
0.37 Acres 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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