18200 Sherman RdMilanMI48160
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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
Investment property for sale in Milan at 18200 Sherman Rd, Milan, MI, 48160 offers a 6.51% rental yield on a $349,500 purchase with $1,895/mo rent. 66% in year one. Equity gained on principal adds $2,255/yr while 5% annual appreciation supports $96,560 over five years. Portfolio math shows five-year ROI at 80.59% and total cumulative return in cash at $93,373. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,895/mo property income against a $1,711/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
1.11 Acres lot
$N/A/sqft
No 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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