311 E Milham AvePortageMI49002
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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 Portage at 311 E Milham Ave, Portage, MI, 49002 generates $1,619/mo in rent and, after a $1,042/mo payment, leaves $215/mo in cash flow. Total monthly income is $1,619/mo, and annual cash flow is $2,581/yr on $70,576 invested. Return on cash invested sits at 23.57% in year one, and rental yield is 9.13% on a $212,900 entry. Equity gained on principal adds $1,374/yr, while 5% annual appreciation builds toward $58,820 over five years. Five-year ROI reaches 123.05% and total cumulative return in cash sums $86,846. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,619/mo property income rather than buyer’s personal income.
Single Family
Built in 1928
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49002, Portage, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,137 (100%) |
| Owner Occupied HU | 6,111 (66.9%) |
| Renter Occupied HU | 2,675 (29.3%) |
| Vacant Housing Units | 351 ( 3.8%) |
| Median Home Value | $280,228 |
| Average Home Value | $316,779 |
Housing Distribution
Address Breakdown
Residential
9,014
Single Family
7,964
Multi-Family
1,050
Businesses
956
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