768 Mapes RdLuzerneMI48636
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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 Luzerne at 768 Mapes Rd, Luzerne, MI, 48636 offers $1,368/mo rent that, after a $1,713/mo payment. Total monthly income is $1,368/mo. Return on cash invested measures 10.19% in year one, and rental yield stands at 4.69% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 51.27% and total cumulative return in cash reaches $59,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,368/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
2.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48636, Luzerne, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 551 (100%) |
| Owner Occupied HU | 268 (48.6%) |
| Renter Occupied HU | 47 ( 8.5%) |
| Vacant Housing Units | 236 (42.8%) |
| Median Home Value | $128,788 |
| Average Home Value | $186,175 |
Housing Distribution
Address Breakdown
Residential
346
Single Family
346
Multi-Family
0
Businesses
23
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