1151 Cedar Run LnMioMI48647
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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 Mio at 1151 Cedar Run Ln, Mio, MI, 48647 offers a 5.52% rental yield on a $229,000 purchase with $1,054/mo rent. 7% in year one. Equity gained on principal adds $1,478/yr while 5% annual appreciation supports $63,268 over five years. Portfolio math shows five-year ROI at 64.71% and total cumulative return in cash at $49,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,054/mo property income against a $1,121/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48647, Mio, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 1,574 (46.3%) |
| Renter Occupied HU | 278 ( 8.2%) |
| Vacant Housing Units | 1,548 (45.5%) |
| Median Home Value | $164,399 |
| Average Home Value | $197,082 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,725
Multi-Family
66
Businesses
192
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