8536 E Five Mile Rd, Luther, MI, 49656 | 5.55% Rental Yield

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

Investment property for sale in Luther at 8536 E Five Mile Rd, Luther, MI, 49656 offers a 5.55% rental yield on a $250,000 purchase with $1,156/mo rent. 77% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 65.08% and total cumulative return in cash at $53,938. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,156/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1965

10 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