868 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 868 Mill St, Lincoln Park, MI, 48146 uses $72,930 cash to close to unlock $2,700/yr annual cash flow and $225/mo monthly cash flow. Total monthly income runs $1,676/mo, and a $1,077/mo payment keeps the spread at $225/mo. Purchase price stands at $220,000, and rental yield measures 9.14% with $1,676/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 123.21% and total cumulative return in cash records $89,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,676/mo property income covering a $1,077/mo payment rather than investor’s personal income.
Single Family
Built in 1932
5,227 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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Listed by: Xiomara Santana-Nunez • Thrive Realty Company
Mls Name: Realcomp II
Mls ID: #20261001566