7456 County Road 417Mc MillanMI49853
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 7456 County Road 417, Mc Millan, MI, 49853 in Mc Millan deserves attention. This $112,000 property earns $1,512/mo in rent, a 16.2% gross yield, and nets $773/mo after the $504/mo payment. DSCR 3.00 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $30,944 compounds alongside $1,032/yr in yearly equity build, for a total cumulative return of $92,434.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.2% | 6.0% |
| Monthly Cash Flow | $773 | $2,000 |
City averages based on Mc Millan market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,512 |
| Total Monthly Debt Service | $694 |
| DSCR Ratio | 2.18x |
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 2003
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49853, Mc Millan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 508 (41.2%) |
| Renter Occupied HU | 48 ( 3.9%) |
| Vacant Housing Units | 678 (54.9%) |
| Median Home Value | $239,894 |
| Average Home Value | $252,170 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
545
Multi-Family
0
Businesses
26
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 2003
3.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49853, Mc Millan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 508 (41.2%) |
| Renter Occupied HU | 48 ( 3.9%) |
| Vacant Housing Units | 678 (54.9%) |
| Median Home Value | $239,894 |
| Average Home Value | $252,170 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
545
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tanya Peters • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-295
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.