28161 State Highway M28Mc MillanMI49853
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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
Total monthly income runs $1,315/mo, and a $1,786/mo payment. Purchase price stands at $365,000, and rental yield measures 4.32% with $1,315/mo rent. Return on cash invested shows 9.08% in year one, and 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 45.34% and total cumulative return in cash records $54,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,315/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 2012
148.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49853, Mc Millan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 508 (41.2%) |
| Renter Occupied HU | 48 ( 3.9%) |
| Vacant Housing Units | 678 (54.9%) |
| Median Home Value | $239,894 |
| Average Home Value | $252,170 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
545
Multi-Family
0
Businesses
26
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Listed by: Kyle Riddle • NextHome Park Place Homes Group
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50146135
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.