309 Vail StMidlandMI48642
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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 309 Vail St, Midland, MI, 48642 uses $46,410 cash to close to unlock $2,052/yr annual cash flow and $171/mo monthly cash flow. Total monthly income runs $1,094/mo, and a $685/mo payment keeps the spread at $171/mo. Purchase price stands at $140,000, and rental yield measures 9.38% with $1,094/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 127.06% and total cumulative return in cash records $58,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,094/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1952
9,583 sqft 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: Christina Reimer • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50172380
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.