238 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 238 E Main St, Milan, MI, 48160 earns $213/mo cash flow from $1,917/mo rent with a $1,265/mo payment. Total monthly income totals $1,917/mo, and annual cash flow totals $2,552/yr on $85,668 capital. ROI tracks 22.89% on current figures, and rental yield reads 8.9% at a $258,425 purchase. Equity gained on principal adds $1,668/yr, and 5% annual appreciation supports $71,398 over five years. Five-year ROI reaches 119.36% and total cumulative return in cash sums $102,255. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,917/mo property income instead of your personal income.
Single Family
Built in 1900
0.28 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
