434 Riverbend DrMilanMI48160
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 Milan at 434 Riverbend Dr, Milan, MI, 48160 priced at $130,000 pairs $1,256/mo rent with $40/mo cash flow after a $636/mo payment. Total monthly income equals $1,256/mo, and annual cash flow comes to $475/yr on $43,095 invested. Return on cash invested is 21.01% in year one, and rental yield stands at 11.59% on a $130,000 basis. Equity gained on principal adds $839/yr, and 5% annual appreciation accumulates to $35,917 by year five. Five-year ROI measures 112.95% and total cumulative return in cash reaches $48,675. For financing, Ziffy Mortgage’s DSCR program evaluates $1,256/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1972
7.62 Acres lot
$N/A/sqft
$315 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48160, Milan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,468 (100%) |
| Owner Occupied HU | 4,344 (79.4%) |
| Renter Occupied HU | 890 (16.3%) |
| Vacant Housing Units | 234 ( 4.3%) |
| Median Home Value | $295,238 |
| Average Home Value | $368,325 |
Housing Distribution
Address Breakdown
Residential
5,054
Single Family
4,855
Multi-Family
199
Businesses
281
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