806 Abbey LnMilfordMI48381
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 Milford at 806 Abbey Ln, Milford, MI, 48381 priced at $434,900 converts $2,971/mo rent into $103/mo cash flow after a $2,129/mo obligation. Total monthly income equals $2,971/mo, and annual cash flow totals $1,232/yr on $144,169 invested. Return on cash invested prints 20.76% in year one, and rental yield reads 8.2% against a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation compiles into $120,155 by year five. Five-year ROI reaches 107.96% and total cumulative return in cash sums $155,645. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,971/mo property income covering a $2,129/mo payment, not borrower’s personal income.
Single Family
Built in 1978
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48381, Milford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,189 (100%) |
| Owner Occupied HU | 4,894 (79.1%) |
| Renter Occupied HU | 1,063 (17.2%) |
| Vacant Housing Units | 232 ( 3.7%) |
| Median Home Value | $410,450 |
| Average Home Value | $436,664 |
Housing Distribution
Address Breakdown
Residential
5,970
Single Family
5,732
Multi-Family
238
Businesses
646
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