810 Catalina Cv, Luna Pier, MI, 48157 | $366/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Luna Pier at 810 Catalina Cv, Luna Pier, MI, 48157 offers $1,634/mo rent that, after a $941/mo payment, leaves $366/mo cash flow. Total monthly income is $1,634/mo, and annual cash flow is $4,392/yr on $63,758 cash. Return on cash invested measures 26.8% in year one, and rental yield stands at 10.19% at a $192,333 entry. Equity gained on principal adds $1,241/yr while 5% annual appreciation compounds into $53,138 by year five. Five-year ROI records 140.39% and total cumulative return in cash reaches $89,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,634/mo property income versus a $941/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Condo

Built in 2005

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48157, Luna Pier, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	717 (100%)
Owner Occupied HU	474 (66.1%)
Renter Occupied HU	167 (23.3%)
Vacant Housing Units	76 (10.6%)
Median Home Value	$260,714
Average Home Value	$277,400