570 Mill StAlgonacMI48001
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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
Rental property for sale in Algonac at 570 Mill St, Algonac, MI, 48001 offers $1,673/mo rent that, after a $1,025/mo payment, leaves $292/mo cash flow. Total monthly income is $1,673/mo, and annual cash flow is $3,502/yr on $69,449 cash. Return on cash invested measures 24.95% in year one, and rental yield stands at 9.58% at a $209,500 entry. Equity gained on principal adds $1,352/yr while 5% annual appreciation compounds into $57,881 by year five. Five-year ROI records 130.42% and total cumulative return in cash reaches $90,579. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,673/mo property income versus a $1,025/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48001, Algonac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,115 (100%) |
| Owner Occupied HU | 4,670 (76.4%) |
| Renter Occupied HU | 724 (11.8%) |
| Vacant Housing Units | 721 (11.8%) |
| Median Home Value | $287,938 |
| Average Home Value | $318,014 |
Housing Distribution
Address Breakdown
Residential
5,711
Single Family
5,512
Multi-Family
199
Businesses
217
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