2415 Cranbrook DrMidlandMI48642
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 Midland at 2415 Cranbrook Dr, Midland, MI, 48642 uses $78,731 cash to close to unlock $8,655/yr annual cash flow and $721/mo monthly cash flow. Total monthly income runs $2,287/mo, and a $1,162/mo payment keeps the spread at $721/mo. Purchase price stands at $237,500, and rental yield measures 11.56% with $2,287/mo rent. Return on cash invested shows 30.9% in year one, and 5% annual appreciation builds toward $65,617 over five years. Five-year ROI reaches 162.37% and total cumulative return in cash records $127,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,287/mo property income covering a $1,162/mo payment rather than investor’s personal income.
Single Family
Built in 1964
0.31 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley Wheeler • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50178127
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.