6370 Gunnell RdMillingtonMI48746
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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 Millington at 6370 Gunnell Rd, Millington, MI, 48746 uses $61,328 cash to close to unlock $5,022/yr annual cash flow and $419/mo monthly cash flow. Total monthly income runs $1,638/mo, and a $905/mo payment keeps the spread at $419/mo. Purchase price stands at $185,000, and rental yield measures 10.62% with $1,638/mo rent. Return on cash invested shows 28.1% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 147.32% and total cumulative return in cash records $90,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,638/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1940
2.75 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
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Listed by: Connie Reppuhn • Century 21 Signature Realty
Mls Name: MiRealSource
Mls ID: #50197152