406 N Mingo StAlbionMI49224
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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 Albion at 406 N Mingo St, Albion, MI, 49224 earns $633/mo cash flow from $1,490/mo rent with a $636/mo payment. Total monthly income totals $1,490/mo, and annual cash flow totals $7,598/yr on $43,062 capital. ROI tracks 37.55% on current figures, and rental yield reads 13.76% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 198.09% and total cumulative return in cash sums $85,303. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,490/mo property income instead of your personal income.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
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