3810 Devonshire StMidlandMI48642
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3810 Devonshire St, Midland, MI, 48642 in Midland hard to pass up. The 13.97% gross yield on a $181,000 purchase results in $2,107/mo in rent and $914/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.59). Annual cash flow of $10,963, five-year appreciation of $50,007, and $1,667/yr in equity build-up combine for a projected total cumulative return of $127,764.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 6.5% |
| Monthly Cash Flow | $914 | $400 |
City averages based on Midland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,107 |
| Total Monthly Debt Service | $1,122 |
| DSCR Ratio | 1.88x |
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 1955
0.33 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
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 1955
0.33 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: Carrie Postma • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50174137
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.