802 State StMidlandMI48640
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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 802 State St, Midland, MI, 48640 at $189,000 posts ROI 24.9% with $261/mo cash flow from $1,507/mo rent. Total monthly income equals $1,507/mo, and annual cash flow records $3,128/yr on $62,654 to close. Return on cash invested measures 24.9% and rental yield reads 9.57% at the current $189,000. Equity gained on principal adds $1,220/yr, and 5% annual appreciation supports $52,217 by year five. Five-year ROI prints 130.16% and total cumulative return in cash totals $81,550.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,507/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
10,454 sqft 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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