3603 W Wackerly StMidlandMI48640
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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 3603 W Wackerly St, Midland, MI, 48640 uses $62,985 cash to close to unlock $3,816/yr annual cash flow and $318/mo monthly cash flow. Total monthly income runs $1,571/mo, and a $930/mo payment keeps the spread at $318/mo. Purchase price stands at $190,000, and rental yield measures 9.92% with $1,571/mo rent. Return on cash invested shows 25.97% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 135.86% and total cumulative return in cash records $85,572. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,571/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.32 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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