7666 Ellis 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 7666 Ellis Rd, Millington, MI, 48746 priced at $235,900 converts $1,484/mo rent into after a $1,155/mo obligation. Total monthly income equals $1,484/mo. Return on cash invested prints 18.8% in year one, and rental yield reads 7.55% against a $235,900 entry. Equity gained on principal adds $1,522/yr, while 5% annual appreciation compiles into $65,175 by year five. Five-year ROI reaches 97.44% and total cumulative return in cash sums $76,199. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,484/mo property income covering a $1,155/mo payment, not borrower’s personal income.
Single Family
Built in N/A
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
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Listed by: Jennifer Binder • Osentoski Realty
Mls Name: RMLS Multi-List
Mls ID: #038-25-0028