1310 Mill StLincoln ParkMI48146
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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 Lincoln Park at 1310 Mill St, Lincoln Park, MI, 48146 offers a 15.13% rental yield on a $119,900 purchase with $1,512/mo rent. Total monthly income registers $1,512/mo, and a $587/mo payment leaves $721/mo available for distribution. Annual cash flow reaches $8,654/yr on $39,747 to close, and return on cash invested stands at 41.68% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 220.24% and total cumulative return in cash at $87,540. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,512/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
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Listed by: Edward J Noomie • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251035928