2214 Jenkins DrMidlandMI48642
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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
Rental property for sale in Midland at 2214 Jenkins Dr, Midland, MI, 48642 priced at $283,500 converts $2,245/mo rent into $375/mo cash flow after a $1,388/mo obligation. Total monthly income equals $2,245/mo, and annual cash flow totals $4,500/yr on $93,980 invested. Return on cash invested prints 24.7% in year one, and rental yield reads 9.5% against a $283,500 entry. Equity gained on principal adds $1,829/yr, while 5% annual appreciation compiles into $78,326 by year five. Five-year ROI reaches 129.11% and total cumulative return in cash sums $121,336. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,245/mo property income covering a $1,388/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48642, Midland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,273 (100%) |
| Owner Occupied HU | 10,847 (71.0%) |
| Renter Occupied HU | 3,491 (22.9%) |
| Vacant Housing Units | 935 ( 6.1%) |
| Median Home Value | $218,575 |
| Average Home Value | $275,267 |
Housing Distribution
Address Breakdown
Residential
14,670
Single Family
13,366
Multi-Family
1,304
Businesses
580
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Listed by: Tom Webb • Century 21 Signature Realty Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50173413
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.