721 S Irelan LnMidlandMI48640
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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 721 S Irelan Ln, Midland, MI, 48640 priced at $164,900 converts $1,299/mo rent into $212/mo cash flow after a $807/mo obligation. Total monthly income equals $1,299/mo, and annual cash flow totals $2,540/yr on $54,664 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 9.45% against a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation compiles into $45,559 by year five. Five-year ROI reaches 128.32% and total cumulative return in cash sums $70,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,299/mo property income covering a $807/mo payment, not borrower’s personal income.
Single Family
Built in 1947
0.52 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
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