517 W Commerce StMilfordMI48381
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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 Milford at 517 W Commerce St, Milford, MI, 48381 uses $82,842 cash to close to unlock $1,970/yr annual cash flow and $164/mo monthly cash flow. Total monthly income runs $1,812/mo, and a $1,223/mo payment keeps the spread at $164/mo. Purchase price stands at $249,900, and rental yield measures 8.7% with $1,812/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 116.16% and total cumulative return in cash records $96,230. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,812/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1933
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48381, Milford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 4,894 (79.1%) |
| Renter Occupied HU | 1,063 (17.2%) |
| Vacant Housing Units | 232 ( 3.7%) |
| Median Home Value | $410,450 |
| Average Home Value | $436,664 |
Housing Distribution
Address Breakdown
Residential
5,970
Single Family
5,732
Multi-Family
238
Businesses
646
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