8515 Blocher StMillingtonMI48746
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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 8515 Blocher St, Millington, MI, 48746 uses $54,698 cash to close to unlock $2,058/yr annual cash flow and $172/mo monthly cash flow. Total monthly income runs $1,260/mo, and a $808/mo payment keeps the spread at $172/mo. Purchase price stands at $165,000, and rental yield measures 9.16% with $1,260/mo rent. Return on cash invested shows 23.67% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 123.6% and total cumulative return in cash records $67,607. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,260/mo property income covering a $808/mo payment rather than investor’s personal income.
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
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Listed by: Ammie Burkowski • Remax Prime Properties
Mls Name: MiRealSource
Mls ID: #50183664