1596 E Camp Ten RdMioMI48647
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Mio at 1596 E Camp Ten Rd, Mio, MI, 48647 priced at $113,000 converts $1,129/mo rent into $384/mo cash flow after a $553/mo obligation. Total monthly income equals $1,129/mo, and annual cash flow totals $4,607/yr on $37,460 invested. Return on cash invested prints 32.21% in year one, and rental yield reads 11.99% against a $113,000 entry. Equity gained on principal adds $729/yr, while 5% annual appreciation compiles into $31,220 by year five. Five-year ROI reaches 169.35% and total cumulative return in cash sums $63,437. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,129/mo property income covering a $553/mo payment, not borrower’s personal income.
Single Family
Built in N/A
1 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael Thomson • DETRICH REAL ESTATE, L.C.
Mls Name: WWMLS
Mls Provider:
Mls ID: #201829229
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than Zillow, Inc are marked with the WWLX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Zillow, Inc shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc All rights reserved. WWLX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-08-19 20:55:20 PDT