Zip Code 48190 — Milan, MI
🟢GOOD— solid returnsC
Average
Moderate returns · Score: 54/100
Cap Rate
7.3%
Monthly Cash Flow
+$157
Median Home Price
$209,059
DSCR
1.14
Fair Market Rents
- Studio
- $1,290/mo
- 1 Bedroom
- $1,310/mo
- 2 Bedroom
- $1,580/mo
- 3 Bedroom
- $1,910/mo
- 4 Bedroom
- $2,190/mo
Investment Metrics
- Cap Rate
- 7.3%
- Cash-on-Cash Return
- 3.9%
- Price-to-Rent Ratio
- 9.1
- 1% Rule
- 0.91%
- Gross Rent Multiplier
- 9.1
- Vacancy Rate
- 8.0%
Assumptions Used
20% down payment, 6.52% interest rate, 30-year fixed, 8% vacancy, 10% maintenance, 1.2% property tax
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