517 Scenic 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
Rental property for sale in Midland at 517 Scenic Dr, Midland, MI, 48642 priced at $625,000 converts $3,156/mo rent into after a $3,059/mo obligation. Total monthly income equals $3,156/mo. Return on cash invested prints 14.43% in year one, and rental yield reads 6.06% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 73.95% and total cumulative return in cash sums $152,053. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,156/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 2000
0.42 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: Christina Reimer • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50173259
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.