2905 W Milham AvePortageMI49024
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 Portage at 2905 W Milham Ave, Portage, MI, 49024 earns $394/mo cash flow from $2,260/mo rent with a $1,385/mo payment. Total monthly income totals $2,260/mo, and annual cash flow totals $4,727/yr on $93,814 capital. ROI tracks 24.95% on current figures, and rental yield reads 9.58% at a $282,999 purchase. Equity gained on principal adds $1,826/yr, and 5% annual appreciation supports $78,187 over five years. Five-year ROI reaches 130.38% and total cumulative return in cash sums $122,318. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,260/mo property income instead of your personal income.
Single Family
Built in 1946
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49024, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,522 (100%) |
| Owner Occupied HU | 8,953 (66.2%) |
| Renter Occupied HU | 3,895 (28.8%) |
| Vacant Housing Units | 674 ( 5.0%) |
| Median Home Value | $300,516 |
| Average Home Value | $336,610 |
Housing Distribution
Address Breakdown
Residential
13,102
Single Family
11,134
Multi-Family
1,968
Businesses
800
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
