8467 East StMillingtonMI48746
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 Millington at 8467 East St, Millington, MI, 48746 offers a 9.55% rental yield on a $110,000 purchase with $875/mo rent. Total monthly income registers $875/mo, and a $538/mo payment leaves $150/mo available for distribution. Annual cash flow reaches $1,800/yr on $36,465 to close, and return on cash invested stands at 24.85% in year one. Equity gained on principal adds $710/yr while 5% annual appreciation supports $30,391 over five years. Portfolio math shows five-year ROI at 129.82% and total cumulative return in cash at $47,340. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $875/mo property income against a $538/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
8,712 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennette Lewis • NextHome Greater Tri-cities
Mls Name: MiRealSource
Mls ID: #50183014