268 W Midland RdAuburnMI48611
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 268 W Midland Rd, Auburn, MI, 48611 in Auburn speaks for itself: 13.64% gross on a $250,000 price, generating $2,842/mo in rent and $1,193/mo in net income after the $1,124/mo debt service. DSCR 2.53, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $14,316 stacks alongside $69,070 in projected five-year appreciation and $2,303/yr in principal reduction. Projected total cumulative return: $172,021.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 6.0% |
| Monthly Cash Flow | $1,193 | $350 |
City averages based on Auburn market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,842 |
| Total Monthly Debt Service | $1,549 |
| DSCR Ratio | 1.83x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
0.70 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
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
Single Family
Built in N/A
0.70 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices