2426 Park Rd, Mio, MI, 48647 | 4.83% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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593 N Circle Dr, Mio, MI, 48647

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

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Investment Highlights

Rental property for sale in Mio at 2426 Park Rd, Mio, MI, 48647 generates $967/mo in rent, after a $1,175/mo payment. Total monthly income is $967/mo. Return on cash invested sits at 10.62% in year one, and rental yield is 4.83% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 53.55% and total cumulative return in cash sums $42,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $967/mo property income rather than buyer’s personal income.

Single Family

Built in 2011

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 48647, Mio, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,400 (100%)
Owner Occupied HU	1,574 (46.3%)
Renter Occupied HU	278 ( 8.2%)
Vacant Housing Units	1,548 (45.5%)
Median Home Value	$164,399
Average Home Value	$197,082