407 Buchanan DrMidlandMI48642
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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 407 Buchanan Dr, Midland, MI, 48642 with 5% annual appreciation on a $240,000 basis while $2,263/mo rent supports operations. Total monthly income totals $2,263/mo and a $1,175/mo payment preserves $680/mo for cash returns. Annual cash flow comes to $8,160/yr on $79,560 deployed, and return on cash invested reaches 30.17% in year one. Equity gained on principal adds $1,549/yr, and five-year appreciation sums $66,308 alongside rental yield of 11.31%. Five-year ROI measures 158.36% and total cumulative return in cash totals $125,990.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,263/mo property income versus a $1,175/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
0.28 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
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Listed by: Kelly Wall • Greystone Real Estate LLC
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50188808
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.