593 N Circle DrMioMI48647
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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 593 N Circle Dr, Mio, MI, 48647 uses $67,958 cash to close to unlock $8,130/yr annual cash flow and $678/mo monthly cash flow. Total monthly income runs $2,029/mo, and a $1,003/mo payment keeps the spread at $678/mo. Purchase price stands at $205,000, and rental yield measures 11.88% with $2,029/mo rent. Return on cash invested shows 31.87% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 167.57% and total cumulative return in cash records $113,874. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,029/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.62 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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Listed by: Gary B. Kann • Real Estate One Mio
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832729
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