1020 Miller RdPlainwellMI49080
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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 Plainwell at 1020 Miller Rd, Plainwell, MI, 49080 offers a 3.71% rental yield on a $400,000 purchase with $1,237/mo rent. 23% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 35.36% and total cumulative return in cash at $46,888. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,237/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1857
2.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49080, Plainwell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,662 (100%) |
| Owner Occupied HU | 5,063 (76.0%) |
| Renter Occupied HU | 1,106 (16.6%) |
| Vacant Housing Units | 493 ( 7.4%) |
| Median Home Value | $284,087 |
| Average Home Value | $341,288 |
Housing Distribution
Address Breakdown
Residential
6,466
Single Family
6,104
Multi-Family
362
Businesses
427
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