5405 Vandemere DrMidlandMI48642
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 5405 Vandemere Dr, Midland, MI, 48642 at $409,000 posts ROI 21.03% with $127/mo cash flow from $2,824/mo rent. Total monthly income equals $2,824/mo, and annual cash flow records $1,520/yr on $135,584 to close. Return on cash invested measures 21.03% and rental yield reads 8.29% at the current $409,000. Equity gained on principal adds $2,639/yr, and 5% annual appreciation supports $112,999 by year five. Five-year ROI prints 109.39% and total cumulative return in cash totals $148,317.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,824/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1996
0.30 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: Miaomiao (Ava) Dong • Century 21 Signature Realty Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50169771
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.