8603 Millington RdVassarMI48768
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 Vassar at 8603 Millington Rd, Vassar, MI, 48768 offers a 8.87% rental yield on a $282,300 purchase with $2,086/mo rent. Total monthly income registers $2,086/mo, and a $1,382/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,689/yr on $93,582 to close, and return on cash invested stands at 22.78% in year one. Equity gained on principal adds $1,822/yr while 5% annual appreciation supports $77,994 over five years. Portfolio math shows five-year ROI at 118.84% and total cumulative return in cash at $111,215. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,086/mo property income against a $1,382/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48768, Vassar, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,109 (100%) |
| Owner Occupied HU | 3,221 (78.4%) |
| Renter Occupied HU | 623 (15.2%) |
| Vacant Housing Units | 265 ( 6.4%) |
| Median Home Value | $157,940 |
| Average Home Value | $187,573 |
Housing Distribution
Address Breakdown
Residential
4,059
Single Family
3,876
Multi-Family
183
Businesses
235
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices