503 Frick StMioMI48647
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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
Investment property for sale in Mio at 503 Frick St, Mio, MI, 48647 with 5% annual appreciation on a $139,900 basis while $936/mo rent supports operations. Total monthly income totals $936/mo and a $685/mo payment preserves $13/mo for cash returns. Annual cash flow comes to $158/yr on $46,377 deployed, and return on cash invested reaches 20.25% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,652 alongside rental yield of 8.03%. Five-year ROI measures 105.32% and total cumulative return in cash totals $48,843.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $936/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48647, Mio, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,400 (100%) |
| Owner Occupied HU | 1,574 (46.3%) |
| Renter Occupied HU | 278 ( 8.2%) |
| Vacant Housing Units | 1,548 (45.5%) |
| Median Home Value | $164,399 |
| Average Home Value | $197,082 |
Housing Distribution
Address Breakdown
Residential
1,791
Single Family
1,725
Multi-Family
66
Businesses
192
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