5006 Candace DrMidlandMI48640
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
Investment Highlights
Investment property for sale in Midland at 5006 Candace Dr, Midland, MI, 48640 offers a 11.51% rental yield on a $224,900 purchase with $2,158/mo rent. Total monthly income registers $2,158/mo, and a $1,101/mo payment leaves $675/mo available for distribution. Annual cash flow reaches $8,096/yr on $74,554 to close, and return on cash invested stands at 30.77% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 161.63% and total cumulative return in cash at $120,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,158/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices