5402 Westridge 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
Investment property for sale in Midland at 5402 Westridge Dr, Midland, MI, 48640 earns $761/mo cash flow from $3,948/mo rent with a $2,143/mo payment. Total monthly income totals $3,948/mo, and annual cash flow totals $9,127/yr on $145,164 capital. ROI tracks 26.2% on current figures, and rental yield reads 10.82% at a $437,900 purchase. Equity gained on principal adds $2,826/yr, and 5% annual appreciation supports $120,984 over five years. Five-year ROI reaches 137.98% and total cumulative return in cash sums $200,303. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,948/mo property income instead of your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$300 monthly 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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Listed by: Kelly Wall • Greystone Real Estate LLC
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50151623
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.