1492 E Roosevelt 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
Rental property for sale in Milan at 1492 E Roosevelt Ln, Milan, MI, 48160 priced at $347,490 converts $1,916/mo rent into after a $1,701/mo obligation. Total monthly income equals $1,916/mo. Return on cash invested prints 15.11% in year one, and rental yield reads 6.62% against a $347,490 entry. Equity gained on principal adds $2,242/yr, while 5% annual appreciation compiles into $96,005 by year five. Five-year ROI reaches 77.98% and total cumulative return in cash sums $89,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,916/mo property income covering a $1,701/mo payment, not borrower’s personal income.
Single Family
Built in 2025
5,662 sqft lot
$N/A/sqft
$85 monthly 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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