1315 Mill 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 1315 Mill St, Midland, MI, 48640 uses $64,643 cash to close to unlock $3,042/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $1,539/mo, and a $954/mo payment keeps the spread at $254/mo. Purchase price stands at $195,000, and rental yield measures 9.47% with $1,539/mo rent. Return on cash invested shows 24.61% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 128.64% and total cumulative return in cash records $83,158. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,539/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1939
7,840 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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