984 W Rose Meadow DrLutherMI49656
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
Investment Highlights
Rental property for sale in Luther at 984 W Rose Meadow Dr, Luther, MI, 49656 generates $1,141/mo in rent, after a $1,419/mo payment. Total monthly income is $1,141/mo. Return on cash invested sits at 10.28% in year one, and rental yield is 4.72% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 51.79% and total cumulative return in cash sums $49,773. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,141/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
5.50 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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