404 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
Investment property for sale in Portage at 404 E Milham Ave, Portage, MI, 49002 with 5% annual appreciation on a $229,000 basis while $1,567/mo rent supports operations. Total monthly income totals $1,567/mo and a $1,121/mo payment preserves $57/mo for cash returns. Annual cash flow comes to $680/yr on $75,914 deployed, and return on cash invested reaches 20.81% in year one. Equity gained on principal adds $1,478/yr, and five-year appreciation sums $63,268 alongside rental yield of 8.21%. Five-year ROI measures 108.19% and total cumulative return in cash totals $82,133.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,567/mo property income versus a $1,121/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.28 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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