2340 Learmonth LnMilfordMI48381
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2340 Learmonth Ln, Milford, MI, 48381 in Milford. At $675,000 it earns $3,968/mo in rent and distributes $879/mo to the owner after the $3,035/mo payment, a consistent 9.48% yield. DSCR 1.31 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $186,490 in value; $6,217/yr in principal paydown compounds ownership stake. Total projected return: $226,068.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $879 | $800 |
City averages based on Milford market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,968 |
| Total Monthly Debt Service | $4,183 |
| DSCR Ratio | 0.95x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2001
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48381, Milford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 4,894 (79.1%) |
| Renter Occupied HU | 1,063 (17.2%) |
| Vacant Housing Units | 232 ( 3.7%) |
| Median Home Value | $410,450 |
| Average Home Value | $436,664 |
Housing Distribution
Address Breakdown
Residential
5,970
Single Family
5,732
Multi-Family
238
Businesses
646
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
Single Family
Built in 2001
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48381, Milford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 4,894 (79.1%) |
| Renter Occupied HU | 1,063 (17.2%) |
| Vacant Housing Units | 232 ( 3.7%) |
| Median Home Value | $410,450 |
| Average Home Value | $436,664 |
Housing Distribution
Address Breakdown
Residential
5,970
Single Family
5,732
Multi-Family
238
Businesses
646
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
