1176 Wright LnMilanMI48160
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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 Milan at 1176 Wright Ln, Milan, MI, 48160 uses $74,554 cash to close to unlock $752/yr annual cash flow and $63/mo monthly cash flow. Total monthly income runs $1,546/mo, and a $1,101/mo payment keeps the spread at $63/mo. Purchase price stands at $224,900, and rental yield measures 8.25% with $1,546/mo rent. Return on cash invested shows 20.92% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 108.79% and total cumulative return in cash records $81,109. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,546/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48160, Milan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,468 (100%) |
| Owner Occupied HU | 4,344 (79.4%) |
| Renter Occupied HU | 890 (16.3%) |
| Vacant Housing Units | 234 ( 4.3%) |
| Median Home Value | $295,238 |
| Average Home Value | $368,325 |
Housing Distribution
Address Breakdown
Residential
5,054
Single Family
4,855
Multi-Family
199
Businesses
281
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