705 S Shorefront CirMidlandMI48640
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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 705 S Shorefront Cir, Midland, MI, 48640 offers $2,248/mo rent that, after a $1,664/mo payment. Total monthly income is $2,248/mo. Return on cash invested measures 16.78% in year one, and rental yield stands at 7.93% at a $340,000 entry. Equity gained on principal adds $2,194/yr while 5% annual appreciation compounds into $93,936 by year five. Five-year ROI records 87.74% and total cumulative return in cash reaches $98,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,248/mo property income versus a $1,664/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1995
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: Crystal Nelson • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50190819
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.