237 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 237 E Main St, Milan, MI, 48160 offers a 12.65% rental yield on a $167,000 purchase with $1,760/mo rent. Total monthly income registers $1,760/mo, and a $817/mo payment leaves $565/mo available for distribution. Annual cash flow reaches $6,782/yr on $55,361 to close, and return on cash invested stands at 32.16% in year one. Equity gained on principal adds $1,078/yr while 5% annual appreciation supports $46,139 over five years. Portfolio math shows five-year ROI at 169.88% and total cumulative return in cash at $94,047. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,760/mo property income against a $817/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,662 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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