Tbd Luke RdAmasaMI49903
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find Tbd Luke Rd, Amasa, MI, 49903 in Amasa worth study. Rental yield 5.86%. The 5.86% gross yield is below cash-flow benchmarks at $195,000, but 5% annual appreciation, adding $53,875 over five years, frames this as a capital growth position. Rent of $952/mo partially offsets the $877/mo payment. Ziffy Mortgage finances appreciation-play properties (1.09 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $52,801.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.9% | 7.0% |
| Monthly Cash Flow | $(334) | $450 |
City averages based on Amasa market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $952 |
| Total Monthly Debt Service | $1,208 |
| DSCR Ratio | 0.79x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1995
78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49903, Amasa, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 170 (100%) |
| Owner Occupied HU | 64 (37.6%) |
| Renter Occupied HU | 8 ( 4.7%) |
| Vacant Housing Units | 98 (57.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $279,648 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
15
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 1995
78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49903, Amasa, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 170 (100%) |
| Owner Occupied HU | 64 (37.6%) |
| Renter Occupied HU | 8 ( 4.7%) |
| Vacant Housing Units | 98 (57.6%) |
| Median Home Value | $190,000 |
| Average Home Value | $279,648 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
15
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ZACHARY GOODMAN • KELLER WILLIAMS CLASSIC REALTY NW
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50188924
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.