1984 E Miller RdFairviewMI48621
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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 Fairview at 1984 E Miller Rd, Fairview, MI, 48621 uses $41,404 cash to close to unlock $1,388/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $939/mo, and a $611/mo payment keeps the spread at $116/mo. Purchase price stands at $124,900, and rental yield measures 9.02% with $939/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 121.4% and total cumulative return in cash records $50,266. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $939/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48621, Fairview, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 853 (100%) |
| Owner Occupied HU | 490 (57.4%) |
| Renter Occupied HU | 113 (13.2%) |
| Vacant Housing Units | 250 (29.3%) |
| Median Home Value | $152,778 |
| Average Home Value | $199,454 |
Housing Distribution
Address Breakdown
Residential
495
Single Family
439
Multi-Family
56
Businesses
41
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