9134 Lane RdMillingtonMI48746
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 9134 Lane Rd, Millington, MI, 48746 earns $420/mo cash flow from $3,038/mo rent with a $1,943/mo payment. Total monthly income totals $3,038/mo, and annual cash flow totals $5,041/yr on $131,606 capital. ROI tracks 23.74% on current figures, and rental yield reads 9.18% at a $397,000 purchase. Equity gained on principal adds $2,562/yr, and 5% annual appreciation supports $109,684 over five years. Five-year ROI reaches 123.93% and total cumulative return in cash sums $163,102. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,038/mo property income instead of your personal income.
Single Family
Built in 1974
10.38 Acres 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: Adriana Gibson • Real Estate One, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24034629
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.