4600 Oakridge DrMidlandMI48640
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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
Rental property for sale in Midland at 4600 Oakridge Dr, Midland, MI, 48640 priced at $377,000 pairs $3,222/mo rent with $736/mo cash flow after a $1,845/mo payment. Total monthly income equals $3,222/mo, and annual cash flow comes to $8,833/yr on $124,976 invested. Return on cash invested is 26.98% in year one, and rental yield stands at 10.26% on a $377,000 basis. Equity gained on principal adds $2,433/yr, and 5% annual appreciation accumulates to $104,158 by year five. Five-year ROI measures 141.3% and total cumulative return in cash reaches $176,587. For financing, Ziffy Mortgage’s DSCR program evaluates $3,222/mo property income against a $1,845/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.38 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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