984 W Rose Meadow DrLutherMI49656
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 984 W Rose Meadow Dr, Luther, MI, 49656 in Luther: $2,510/mo in rent, $665/mo net, 10.76% gross yield, all on a $279,900 acquisition. The 1.99 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $77,331 in value, and $2,578/yr in principal paydown steadily builds equity. Projected total cumulative return: $149,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 6.0% |
| Monthly Cash Flow | $665 | $500 |
City averages based on Luther market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,510 |
| Total Monthly Debt Service | $1,734 |
| DSCR Ratio | 1.45x |
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.
Single Family
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
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Multi-Family
0
Businesses
19
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
Single Family
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices