1032 Washington AveTemperanceMI48182
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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 Temperance at 1032 Washington Ave, Temperance, MI, 48182 generates $1,826/mo in rent and, after a $1,101/mo payment, leaves $343/mo in cash flow. Total monthly income is $1,826/mo, and annual cash flow is $4,110/yr on $74,588 invested. Return on cash invested sits at 25.42% in year one, and rental yield is 9.74% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 132.95% and total cumulative return in cash sums $99,165. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,826/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48182, Temperance, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,855 (100%) |
| Owner Occupied HU | 8,042 (81.6%) |
| Renter Occupied HU | 1,499 (15.2%) |
| Vacant Housing Units | 314 ( 3.2%) |
| Median Home Value | $269,058 |
| Average Home Value | $288,379 |
Housing Distribution
Address Breakdown
Residential
9,133
Single Family
8,790
Multi-Family
343
Businesses
368
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Listed by: Alicia Smith • Century 21 Curran & Oberski
Mls Name: Realcomp II
Mls ID: #20251039495