283 E Millington RdMayvilleMI48744
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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
Investment property for sale in Mayville at 283 E Millington Rd, Mayville, MI, 48744 with 5% annual appreciation on a $270,000 basis while $2,650/mo rent supports operations. Total monthly income totals $2,650/mo and a $1,322/mo payment preserves $869/mo for cash returns. Annual cash flow comes to $10,428/yr on $89,505 deployed, and return on cash invested reaches 31.56% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,596 alongside rental yield of 11.78%. Five-year ROI measures 165.85% and total cumulative return in cash totals $148,441.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,650/mo property income versus a $1,322/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1996
10.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48744, Mayville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,055 (100%) |
| Owner Occupied HU | 1,584 (77.1%) |
| Renter Occupied HU | 214 (10.4%) |
| Vacant Housing Units | 257 (12.5%) |
| Median Home Value | $171,774 |
| Average Home Value | $222,188 |
Housing Distribution
Address Breakdown
Residential
1,708
Single Family
1,708
Multi-Family
0
Businesses
70
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