1505 W 8th StMioMI48647
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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 1505 W 8th St, Mio, MI, 48647 uses $72,897 cash to close to unlock $2,966/yr annual cash flow and $247/mo monthly cash flow. Total monthly income runs $1,697/mo, and a $1,076/mo payment keeps the spread at $247/mo. Purchase price stands at $219,900, and rental yield measures 9.26% with $1,697/mo rent. Return on cash invested shows 23.98% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 125.23% and total cumulative return in cash records $91,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,697/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.46 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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