515 E Ashman 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 515 E Ashman St, Midland, MI, 48642 uses $53,869 cash to close to unlock $3,429/yr annual cash flow and $286/mo monthly cash flow. Total monthly income runs $1,357/mo, and a $795/mo payment keeps the spread at $286/mo. Purchase price stands at $162,500, and rental yield measures 10.02% with $1,357/mo rent. Return on cash invested shows 26.27% in year one, and 5% annual appreciation builds toward $44,896 over five years. Five-year ROI reaches 137.52% and total cumulative return in cash records $74,082. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,357/mo property income covering a $795/mo payment rather than investor’s personal income.
Single Family
Built in 1946
7,405 sqft 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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