1424 Midland Michigan AveMidland CityAL36350
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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 City at 1424 Midland Michigan Ave, Midland City, AL, 36350 earns $655/mo cash flow from $2,630/mo rent with a $1,713/mo payment. Total monthly income totals $2,630/mo, and annual cash flow totals $7,855/yr on $115,992 capital. ROI tracks 26.68% on current figures, and rental yield reads 9.02% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 138.45% and total cumulative return in cash sums $160,590. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,630/mo property income instead of your personal income.
Single Family
Built in 2000
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 36350, Midland City, AL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,921 (100%) |
| Owner Occupied HU | 2,450 (62.5%) |
| Renter Occupied HU | 1,205 (30.7%) |
| Vacant Housing Units | 266 ( 6.8%) |
| Median Home Value | $165,761 |
| Average Home Value | $239,031 |
Housing Distribution
Address Breakdown
Residential
3,568
Single Family
3,286
Multi-Family
282
Businesses
128
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Listed by: Darrell Reid • Lan Darty Real Estate & Development
Mls Name: SAMLS
Mls ID: #205390