3150 Swaffer RdMillingtonMI48746
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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 $1,303/mo, and a $2,936/mo payment. Purchase price stands at $599,900, and rental yield measures 2.61% with $1,303/mo rent. Return on cash invested shows 3.93% in year one, and 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 17.68% and total cumulative return in cash records $34,900. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,303/mo property income covering a $2,936/mo payment rather than investor’s personal income.
Single Family
Built in 1950
80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48746, Millington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,566 (100%) |
| Owner Occupied HU | 2,989 (83.8%) |
| Renter Occupied HU | 349 ( 9.8%) |
| Vacant Housing Units | 228 ( 6.4%) |
| Median Home Value | $184,236 |
| Average Home Value | $196,747 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
3,136
Multi-Family
0
Businesses
124
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Listed by: John Hohenstern • Good Company
Mls Name: Realcomp II
Mls ID: #20240059068