408 Miller DrAlbionMI49224
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Albion at 408 Miller Dr, Albion, MI, 49224 priced at $159,000 converts $1,213/mo rent into $165/mo cash flow after a $778/mo obligation. Total monthly income equals $1,213/mo, and annual cash flow totals $1,976/yr on $52,709 invested. Return on cash invested prints 23.66% in year one, and rental yield reads 9.15% against a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation compiles into $43,929 by year five. Five-year ROI reaches 123.49% and total cumulative return in cash sums $65,088. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,213/mo property income covering a $778/mo payment, not borrower’s personal income.
Single Family
Built in 1953
9,583 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices