W16852 135 #MMc MillanMI49853
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at W16852 135 #M, Mc Millan, MI, 49853 in Mc Millan the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $195,000 price is below income-first thresholds, but 5%/yr value growth projects $53,875 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $2,000 |
City averages based on Mc Millan market data in our database. Property projections are estimates.
Single Family
Built in 1960
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49853, Mc Millan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 508 (41.2%) |
| Renter Occupied HU | 48 ( 3.9%) |
| Vacant Housing Units | 678 (54.9%) |
| Median Home Value | $239,894 |
| Average Home Value | $252,170 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
545
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1960
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49853, Mc Millan, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,234 (100%) |
| Owner Occupied HU | 508 (41.2%) |
| Renter Occupied HU | 48 ( 3.9%) |
| Vacant Housing Units | 678 (54.9%) |
| Median Home Value | $239,894 |
| Average Home Value | $252,170 |
Housing Distribution
Address Breakdown
Residential
545
Single Family
545
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Ruthann Farver • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-491
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.