268 S Platt StMilanMI48160
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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
Rental property for sale in Milan at 268 S Platt St, Milan, MI, 48160 priced at $399,000 pairs $2,050/mo rent with after a $1,953/mo payment. Total monthly income equals $2,050/mo. Return on cash invested is 14.64% in year one, and rental yield stands at 6.17% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 75.09% and total cumulative return in cash reaches $99,326. For financing, Ziffy Mortgage’s DSCR program evaluates $2,050/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
0.49 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
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