766 Millerway DrFentonMI48430
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 Fenton at 766 Millerway Dr, Fenton, MI, 48430 offers $3,007/mo rent that, after a $1,623/mo payment, leaves $795/mo cash flow. Total monthly income is $3,007/mo, and annual cash flow is $9,545/yr on $109,892 cash. Return on cash invested measures 28.6% in year one, and rental yield stands at 10.89% at a $331,500 entry. Equity gained on principal adds $2,139/yr while 5% annual appreciation compounds into $91,587 by year five. Five-year ROI records 150.07% and total cumulative return in cash reaches $164,918. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,007/mo property income versus a $1,623/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
9,147 sqft lot
$N/A/sqft
$25 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
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Nearby investment properties with comparable prices
