675 E Miller RdMidlandMI48640
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
Rental property for sale in Midland at 675 E Miller Rd, Midland, MI, 48640 priced at $249,900 pairs $2,044/mo rent with $396/mo cash flow after a $1,223/mo payment. Total monthly income equals $2,044/mo, and annual cash flow comes to $4,754/yr on $82,842 invested. Return on cash invested is 25.65% in year one, and rental yield stands at 9.82% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 134.21% and total cumulative return in cash reaches $111,182. For financing, Ziffy Mortgage’s DSCR program evaluates $2,044/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
1 Acres 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
Listed by: Daniel Broderick • eXp Realty
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50167290
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.