712 N Rath 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
Rental property for sale in Ludington at 712 N Rath Ave, Ludington, MI, 49431 offers $1,366/mo rent that, after a $881/mo payment, leaves $179/mo cash flow. Total monthly income is $1,366/mo, and annual cash flow is $2,148/yr on $59,670 cash. Return on cash invested measures 23.51% in year one, and rental yield stands at 9.11% at a $179,999 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,730 by year five. Five-year ROI records 122.68% and total cumulative return in cash reaches $73,204. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,366/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
6,969 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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