16465-28 Mile RdRayMI48096
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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 Ray at 16465-28 Mile Rd, Ray, MI, 48096 generates $2,394/mo in rent, after a $1,859/mo payment. Total monthly income is $2,394/mo. Return on cash invested sits at 18.85% in year one, and rental yield is 7.56% on a $379,800 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation builds toward $104,932 over five years. Five-year ROI reaches 97.74% and total cumulative return in cash sums $123,058. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,394/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
2.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48096, Ray, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,535 (100%) |
| Owner Occupied HU | 1,360 (88.6%) |
| Renter Occupied HU | 111 ( 7.2%) |
| Vacant Housing Units | 64 ( 4.2%) |
| Median Home Value | $456,383 |
| Average Home Value | $487,943 |
Housing Distribution
Address Breakdown
Residential
1,560
Single Family
1,560
Multi-Family
0
Businesses
59
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