853 Mill StLincoln ParkMI48146
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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
Investment property for sale in Lincoln Park at 853 Mill St, Lincoln Park, MI, 48146 earns $979/mo cash flow from $1,925/mo rent with a $702/mo payment. Total monthly income totals $1,925/mo, and annual cash flow totals $11,749/yr on $47,570 capital. ROI tracks 44.61% on current figures, and rental yield reads 16.1% at a $143,500 purchase. Equity gained on principal adds $926/yr, and 5% annual appreciation supports $39,646 over five years. Five-year ROI reaches 235.9% and total cumulative return in cash sums $112,217. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,925/mo property income instead of your personal income.
Single Family
Built in 1950
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48146, Lincoln Park, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,394 (100%) |
| Owner Occupied HU | 11,122 (67.8%) |
| Renter Occupied HU | 4,506 (27.5%) |
| Vacant Housing Units | 766 ( 4.7%) |
| Median Home Value | $123,136 |
| Average Home Value | $171,848 |
Housing Distribution
Address Breakdown
Residential
15,865
Single Family
14,963
Multi-Family
902
Businesses
737
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Nearby investment properties with comparable prices
Listed by: Brian Russell • Premiere Realty Group, LLC
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50190670
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