7040 Sheridan 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
Rental property for sale in Millington at 7040 Sheridan Rd, Millington, MI, 48746 generates $1,637/mo in rent, after a $2,056/mo payment. Total monthly income is $1,637/mo. Return on cash invested sits at 10.14% in year one, and rental yield is 4.68% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 50.99% and total cumulative return in cash sums $70,999. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,637/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
3.66 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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