109 W Washington Ave APT 3JacksonMI49201
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 Jackson at 109 W Washington Ave APT 3, Jackson, MI, 49201 priced at $269,900 converts $2,209/mo rent into $4/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,209/mo, and annual cash flow totals $50/yr on $89,472 invested. Return on cash invested prints 19.96% in year one, and rental yield reads 9.82% against a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,568 by year five. Five-year ROI reaches 105.77% and total cumulative return in cash sums $94,638. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,209/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Condo
Built in 1909
N/A lot
$N/A/sqft
$425 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49201, Jackson, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,134 (100%) |
| Owner Occupied HU | 12,664 (69.8%) |
| Renter Occupied HU | 4,126 (22.8%) |
| Vacant Housing Units | 1,344 ( 7.4%) |
| Median Home Value | $234,870 |
| Average Home Value | $273,866 |
Housing Distribution
Address Breakdown
Residential
17,875
Single Family
17,177
Multi-Family
698
Businesses
984
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