2089 W Midland RdAuburnMI48611
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
Investment property for sale in Auburn at 2089 W Midland Rd, Auburn, MI, 48611 at $223,000 posts ROI 25.1% with $320/mo cash flow from $1,817/mo rent. Total monthly income equals $1,817/mo, and annual cash flow records $3,837/yr on $73,925 to close. Return on cash invested measures 25.1% and rental yield reads 9.78% at the current $223,000. Equity gained on principal adds $1,439/yr, and 5% annual appreciation supports $61,611 by year five. Five-year ROI prints 131.38% and total cumulative return in cash totals $97,121.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,817/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
1.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48611, Auburn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,776 (100%) |
| Owner Occupied HU | 2,219 (79.9%) |
| Renter Occupied HU | 438 (15.8%) |
| Vacant Housing Units | 119 ( 4.3%) |
| Median Home Value | $185,374 |
| Average Home Value | $211,304 |
Housing Distribution
Address Breakdown
Residential
2,755
Single Family
2,715
Multi-Family
40
Businesses
210
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Nearby investment properties with comparable prices
Listed by: Christine Morley • Ayre/Rhinehart-Midland
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50158216
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