1117 North StMidlandMI48640
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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 Midland at 1117 North St, Midland, MI, 48640 uses $52,377 cash to close to unlock $5,921/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $1,535/mo, and a $773/mo payment keeps the spread at $493/mo. Purchase price stands at $158,000, and rental yield measures 11.66% with $1,535/mo rent. Return on cash invested shows 31.21% in year one, and 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 164.04% and total cumulative return in cash records $85,918. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,535/mo property income covering a $773/mo payment rather than investor’s personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48640, Midland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,874 (100%) |
| Owner Occupied HU | 10,179 (73.4%) |
| Renter Occupied HU | 2,982 (21.5%) |
| Vacant Housing Units | 713 ( 5.1%) |
| Median Home Value | $218,735 |
| Average Home Value | $255,286 |
Housing Distribution
Address Breakdown
Residential
13,764
Single Family
13,044
Multi-Family
720
Businesses
1,076
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Listed by: Erica Wright • Century 21 Signature Realty Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50175648
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.