221 E Main StMilanMI48160
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
Investment property for sale in Milan at 221 E Main St, Milan, MI, 48160 at $254,000 posts ROI 28.95% with $634/mo cash flow from $2,402/mo rent. Total monthly income equals $2,402/mo, and annual cash flow records $7,609/yr on $84,201 to close. Return on cash invested measures 28.95% and rental yield reads 11.35% at the current $254,000. Equity gained on principal adds $1,639/yr, and 5% annual appreciation supports $70,176 by year five. Five-year ROI prints 152.36% and total cumulative return in cash totals $128,286.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,402/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1888
10,018 sqft 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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