4243 Lancashire LnMilfordMI48380
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 Milford at 4243 Lancashire Ln, Milford, MI, 48380 generates $3,845/mo in rent and, after a $1,517/mo payment, leaves $1,801/mo in cash flow. Total monthly income is $3,845/mo, and annual cash flow is $21,612/yr on $102,765 invested. Return on cash invested sits at 40.94% in year one, and rental yield is 14.88% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 216.14% and total cumulative return in cash sums $222,115. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,845/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48380, Milford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,871 (100%) |
| Owner Occupied HU | 2,700 (94.0%) |
| Renter Occupied HU | 97 ( 3.4%) |
| Vacant Housing Units | 74 ( 2.6%) |
| Median Home Value | $455,510 |
| Average Home Value | $485,569 |
Housing Distribution
Address Breakdown
Residential
2,981
Single Family
2,981
Multi-Family
0
Businesses
25
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