944 Lukesport RdQuincyMI49082
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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 Quincy at 944 Lukesport Rd, Quincy, MI, 49082 uses $105,749 cash to close to unlock $776/yr annual cash flow and $65/mo monthly cash flow. Total monthly income runs $2,168/mo, and a $1,561/mo payment keeps the spread at $65/mo. Purchase price stands at $319,000, and rental yield measures 8.16% with $2,168/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $88,134 over five years. Five-year ROI reaches 107.32% and total cumulative return in cash records $113,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,168/mo property income covering a $1,561/mo payment rather than investor’s personal income.
Single Family
Built in 1973
5.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49082, Quincy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,102 (100%) |
| Owner Occupied HU | 2,037 (65.7%) |
| Renter Occupied HU | 419 (13.5%) |
| Vacant Housing Units | 646 (20.8%) |
| Median Home Value | $194,318 |
| Average Home Value | $234,561 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,532
Multi-Family
74
Businesses
129
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