841 Bishop StMilfordMI48381
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
Investment property for sale in Milford at 841 Bishop St, Milford, MI, 48381 listed at $245,000 pairs $2,890/mo rent with a $1,199/mo payment to leave $1,275/mo cash flow. Total monthly income runs $2,890/mo, and annual cash flow reaches $15,294/yr on $81,218 cash to close. Return on cash invested measures 38.74% in year one, and rental yield registers 14.16% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 204.37% and total cumulative return in cash totals $165,984. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,890/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
9,147 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: H Glen Betts III • 1st in Michigan R E Services
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240082505
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-11-19 07:06:30 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702