49 W Main StMilanMI48160
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 49 W Main St, Milan, MI, 48160 priced at $249,000 converts $2,069/mo rent into $427/mo cash flow after a $1,219/mo obligation. Total monthly income equals $2,069/mo, and annual cash flow totals $5,120/yr on $82,544 invested. Return on cash invested prints 26.11% in year one, and rental yield reads 9.97% against a $249,000 entry. Equity gained on principal adds $1,607/yr, while 5% annual appreciation compiles into $68,794 by year five. Five-year ROI reaches 136.64% and total cumulative return in cash sums $112,784. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,069/mo property income covering a $1,219/mo payment, not borrower’s personal income.
Multi Family
Built in 1920
6,098 sqft lot
$N/A/sqft
No 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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