6350 Millington RdMillingtonMI48746
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Millington rental at 6350 Millington Rd, Millington, MI, 48746 sits in the solid-income band: 10.21% gross yield, $1,871/mo rent, $421/mo net after the $989/mo debt service, DSCR 1.89. Entry price of $219,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $60,754 and $2,025/yr in principal reduction bring total cumulative return to $110,873.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $421 | $250 |
City averages based on Millington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,871 |
| Total Monthly Debt Service | $1,363 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1968
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48746, Millington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,566 (100%) |
| Owner Occupied HU | 2,989 (83.8%) |
| Renter Occupied HU | 349 ( 9.8%) |
| Vacant Housing Units | 228 ( 6.4%) |
| Median Home Value | $184,236 |
| Average Home Value | $196,747 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
3,136
Multi-Family
0
Businesses
124
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
Single Family
Built in 1968
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48746, Millington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,566 (100%) |
| Owner Occupied HU | 2,989 (83.8%) |
| Renter Occupied HU | 349 ( 9.8%) |
| Vacant Housing Units | 228 ( 6.4%) |
| Median Home Value | $184,236 |
| Average Home Value | $196,747 |
Housing Distribution
Address Breakdown
Residential
3,136
Single Family
3,136
Multi-Family
0
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices