2205 Mill LnSalineMI48176
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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 Saline at 2205 Mill Ln, Saline, MI, 48176 priced at $369,535 pairs $5,129/mo rent with $2,555/mo cash flow after a $1,809/mo payment. Total monthly income equals $5,129/mo, and annual cash flow comes to $30,657/yr on $122,501 invested. Return on cash invested is 44.94% in year one, and rental yield stands at 16.66% on a $369,535 basis. Equity gained on principal adds $2,385/yr, and 5% annual appreciation accumulates to $102,096 by year five. Five-year ROI measures 238.07% and total cumulative return in cash reaches $291,639. For financing, Ziffy Mortgage’s DSCR program evaluates $5,129/mo property income against a $1,809/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
$137 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Scott Fader • M/I Homes of Michigan, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20230105733
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-13 16:21:35 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702