11301 Black Walnut CtWashingtonMI48094
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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 Washington at 11301 Black Walnut Ct, Washington, MI, 48094 offers a 8.33% rental yield on a $319,000 purchase with $2,214/mo rent. Total monthly income registers $2,214/mo, and a $1,561/mo payment leaves $111/mo available for distribution. Annual cash flow reaches $1,328/yr on $105,749 to close, and return on cash invested stands at 21.17% in year one. Equity gained on principal adds $2,058/yr while 5% annual appreciation supports $88,134 over five years. Portfolio math shows five-year ROI at 110.12% and total cumulative return in cash at $116,449. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,214/mo property income against a $1,561/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48094, Washington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,429 (100%) |
| Owner Occupied HU | 6,873 (81.5%) |
| Renter Occupied HU | 1,262 (15.0%) |
| Vacant Housing Units | 294 ( 3.5%) |
| Median Home Value | $424,158 |
| Average Home Value | $437,504 |
Housing Distribution
Address Breakdown
Residential
8,653
Single Family
7,588
Multi-Family
1,065
Businesses
429
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Listed by: April Todd • Century 21 Professionals
Mls Name: MiRealSource
Mls ID: #50189994