1546 S Elkton RdElktonMI48731
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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 1546 S Elkton Rd, Elkton, MI, 48731 listed at $210,500 pairs $1,484/mo rent with a $1,030/mo payment to leave $96/mo cash flow. Total monthly income runs $1,484/mo, and annual cash flow reaches $1,154/yr on $69,781 cash to close. Return on cash invested measures 21.56% in year one, and rental yield registers 8.46% at a $210,500 basis. Equity gained on principal adds $1,358/yr, and annual property appreciation at 5% supports $58,157 by year five. Five-year ROI tracks 112.3% and total cumulative return in cash totals $78,364. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,484/mo property income relative to a $1,030/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1907
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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