4503 Washington 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 4503 Washington St, Midland, MI, 48642 at $251,000 posts ROI 28.25% with $578/mo cash flow from $2,234/mo rent. Total monthly income equals $2,234/mo, and annual cash flow records $6,940/yr on $83,207 to close. Return on cash invested measures 28.25% and rental yield reads 10.68% at the current $251,000. Equity gained on principal adds $1,620/yr, and 5% annual appreciation supports $69,347 by year five. Five-year ROI prints 148.14% and total cumulative return in cash totals $123,264.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,234/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
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: Jennifer Horton • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50173133
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.