7310 Irish RdMillingtonMI48746
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
Investment Highlights
Rental property for sale in Millington at 7310 Irish Rd, Millington, MI, 48746 priced at $149,000 converts $2,144/mo rent into $1,162/mo cash flow after a $729/mo obligation. Total monthly income equals $2,144/mo, and annual cash flow totals $13,940/yr on $49,394 invested. Return on cash invested prints 48.13% in year one, and rental yield reads 17.27% against a $149,000 entry. Equity gained on principal adds $961/yr, while 5% annual appreciation compiles into $41,166 by year five. Five-year ROI reaches 254.74% and total cumulative return in cash sums $125,824. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,144/mo property income covering a $729/mo payment, not borrower’s personal income.
Manufactured
Built in 1975
N/A 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
Listed by: Tavis Osentoski • Osentoski Realty
Mls Name: RMLS Multi-List
Mls ID: #038-24-0078