1414 W Pine StMidlandMI48640
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
Rental property for sale in Midland at 1414 W Pine St, Midland, MI, 48640 priced at $187,000 converts $1,794/mo rent into $561/mo cash flow after a $915/mo obligation. Total monthly income equals $1,794/mo, and annual cash flow totals $6,733/yr on $61,991 invested. Return on cash invested prints 30.77% in year one, and rental yield reads 11.51% against a $187,000 entry. Equity gained on principal adds $1,207/yr, while 5% annual appreciation compiles into $51,665 by year five. Five-year ROI reaches 161.71% and total cumulative return in cash sums $100,242. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,794/mo property income covering a $915/mo payment, not borrower’s personal income.
Single Family
Built in 1937
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Wiltse • Coldwell Banker Professionals
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50175205
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.