115 Washington StSterlingMI48659
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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 Sterling at 115 Washington St, Sterling, MI, 48659 listed at $199,500 pairs $1,084/mo rent with a $976/mo payment. Total monthly income runs $1,084/mo. Return on cash invested measures 15.71% in year one, and rental yield registers 6.52% at a $199,500 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,118 by year five. Five-year ROI tracks 80.88% and total cumulative return in cash totals $53,491. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,084/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48659, Sterling, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,336 (100%) |
| Owner Occupied HU | 1,041 (77.9%) |
| Renter Occupied HU | 116 ( 8.7%) |
| Vacant Housing Units | 179 (13.4%) |
| Median Home Value | $153,635 |
| Average Home Value | $181,765 |
Housing Distribution
Address Breakdown
Residential
1,126
Single Family
1,126
Multi-Family
0
Businesses
46
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