4187 Mills RdPrescottMI48756
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 4187 Mills Rd, Prescott, MI, 48756 in Prescott is capital appreciation. Rental yield 4.62%. The 4.62% gross yield at $379,900 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $104,959 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.86) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $77,709.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 6.0% |
| Monthly Cash Flow | $(1,042) | $950 |
City averages based on Prescott market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,463 |
| Total Monthly Debt Service | $2,354 |
| DSCR Ratio | 0.62x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2010
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48756, Prescott, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,623 (50.4%) |
| Renter Occupied HU | 309 ( 9.6%) |
| Vacant Housing Units | 1,290 (40.0%) |
| Median Home Value | $104,388 |
| Average Home Value | $154,436 |
Housing Distribution
Address Breakdown
Residential
1,862
Single Family
1,828
Multi-Family
34
Businesses
60
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
Single Family
Built in 2010
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48756, Prescott, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,222 (100%) |
| Owner Occupied HU | 1,623 (50.4%) |
| Renter Occupied HU | 309 ( 9.6%) |
| Vacant Housing Units | 1,290 (40.0%) |
| Median Home Value | $104,388 |
| Average Home Value | $154,436 |
Housing Distribution
Address Breakdown
Residential
1,862
Single Family
1,828
Multi-Family
34
Businesses
60
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices