12 Mullen StElktonMI48731
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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 Elkton at 12 Mullen St, Elkton, MI, 48731 at $159,900 posts ROI 29.22% with $411/mo cash flow from $1,466/mo rent. Total monthly income equals $1,466/mo, and annual cash flow records $4,934/yr on $53,007 to close. Return on cash invested measures 29.22% and rental yield reads 11% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 153.34% and total cumulative return in cash totals $81,282.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,466/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48731, Elkton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 521 (68.4%) |
| Renter Occupied HU | 164 (21.5%) |
| Vacant Housing Units | 77 (10.1%) |
| Median Home Value | $122,396 |
| Average Home Value | $184,429 |
Housing Distribution
Address Breakdown
Residential
386
Single Family
362
Multi-Family
24
Businesses
55
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