8221 E Eight Mile RdLutherMI49656
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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
Investment Highlights
Investment property for sale in Luther at 8221 E Eight Mile Rd, Luther, MI, 49656 earns $4,803/mo cash flow from $5,509/mo rent with a $524/mo payment. Total monthly income totals $5,509/mo, and annual cash flow totals $57,637/yr on $35,471 capital. ROI tracks 182.4% on current figures, and rental yield reads 61.78% at a $107,000 purchase. Equity gained on principal adds $690/yr, and 5% annual appreciation supports $29,562 over five years. Five-year ROI reaches 974.89% and total cumulative return in cash sums $345,798. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,509/mo property income instead of your personal income.
Single Family
Built in N/A
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49656, Luther, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 666 (41.5%) |
| Renter Occupied HU | 96 ( 6.0%) |
| Vacant Housing Units | 841 (52.5%) |
| Median Home Value | $149,306 |
| Average Home Value | $214,223 |
Housing Distribution
Address Breakdown
Residential
728
Single Family
728
Multi-Family
0
Businesses
19
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Listed by: Herb Saenz • Modern Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50154298
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