3007 Saint Marys DrMidlandMI48640
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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 at 3007 Saint Marys Dr, Midland, MI, 48640 with 5% annual appreciation on a $300,000 basis while $2,341/mo rent supports operations. Total monthly income totals $2,341/mo and a $1,468/mo payment preserves $363/mo for cash returns. Annual cash flow comes to $4,356/yr on $99,450 deployed, and return on cash invested reaches 24.29% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 9.36%. Five-year ROI measures 126.85% and total cumulative return in cash totals $126,156.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,341/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48640, Midland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,874 (100%) |
| Owner Occupied HU | 10,179 (73.4%) |
| Renter Occupied HU | 2,982 (21.5%) |
| Vacant Housing Units | 713 ( 5.1%) |
| Median Home Value | $218,735 |
| Average Home Value | $255,286 |
Housing Distribution
Address Breakdown
Residential
13,764
Single Family
13,044
Multi-Family
720
Businesses
1,076
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Listed by: Matt Smith • Modern Realty
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50171719
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.