805 E Filer 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 805 E Filer St, Ludington, MI, 49431 listed at $267,000 pairs $2,971/mo rent with a $1,307/mo payment to leave $1,210/mo cash flow. Total monthly income runs $2,971/mo, and annual cash flow reaches $14,521/yr on $88,511 cash to close. Return on cash invested measures 36.32% in year one, and rental yield registers 13.35% at a $267,000 basis. Equity gained on principal adds $1,723/yr, and annual property appreciation at 5% supports $73,767 by year five. Five-year ROI tracks 191.4% and total cumulative return in cash totals $169,411. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,971/mo property income relative to a $1,307/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1923
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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