3625 McKinley RdMioMI48647
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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 Mio at 3625 McKinley Rd, Mio, MI, 48647 priced at $114,000 converts $858/mo rent into $106/mo cash flow after a $558/mo obligation. Total monthly income equals $858/mo, and annual cash flow totals $1,274/yr on $37,791 invested. Return on cash invested prints 23.28% in year one, and rental yield reads 9.03% against a $114,000 entry. Equity gained on principal adds $736/yr, while 5% annual appreciation compiles into $31,496 by year five. Five-year ROI reaches 121.57% and total cumulative return in cash sums $45,943. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $858/mo property income covering a $558/mo payment, not borrower’s personal income.
Manufactured
Built in 1972
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48647, Mio, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 1,574 (46.3%) |
| Renter Occupied HU | 278 ( 8.2%) |
| Vacant Housing Units | 1,548 (45.5%) |
| Median Home Value | $164,399 |
| Average Home Value | $197,082 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,725
Multi-Family
66
Businesses
192
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