11492 Michael DrWashingtonMI48094
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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
Investment property for sale in Washington at 11492 Michael Dr, Washington, MI, 48094 offers a 10.87% rental yield on a $195,350 purchase with $1,769/mo rent. Total monthly income registers $1,769/mo, and a $956/mo payment leaves $481/mo available for distribution. Annual cash flow reaches $5,771/yr on $64,759 to close, and return on cash invested stands at 28.82% in year one. Equity gained on principal adds $1,261/yr while 5% annual appreciation supports $53,972 over five years. Portfolio math shows five-year ROI at 151.15% and total cumulative return in cash at $97,884. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,769/mo property income against a $956/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1994
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: Kristine Schmitt • Move MI Realty
Mls Name: MichRIC
Mls ID: #25053870