810 Catalina CvLuna PierMI48157
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 810 Catalina Cv, Luna Pier, MI, 48157 in Luna Pier. At $192,333 it earns $1,634/mo in rent and distributes $366/mo to the owner after the $865/mo payment, a consistent 10.2% yield. DSCR 1.89 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $53,138 in value; $1,771/yr in principal paydown compounds ownership stake. Total projected return: $96,841.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 8.2% |
| Monthly Cash Flow | $366 | $320 |
City averages based on Luna Pier market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,634 |
| Total Monthly Debt Service | $1,192 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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 |
Housing Distribution
Address Breakdown
Residential
448
Single Family
348
Multi-Family
100
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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 |
Housing Distribution
Address Breakdown
Residential
448
Single Family
348
Multi-Family
100
Businesses
36
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices