165 Washington StPort AustinMI48467
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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 Port Austin at 165 Washington St, Port Austin, MI, 48467 listed at $279,000 pairs $2,000/mo rent with a $1,366/mo payment to leave $160/mo cash flow. Total monthly income runs $2,000/mo, and annual cash flow reaches $1,916/yr on $92,489 cash to close. Return on cash invested measures 21.98% in year one, and rental yield registers 8.6% at a $279,000 basis. Equity gained on principal adds $1,800/yr, and annual property appreciation at 5% supports $77,083 by year five. Five-year ROI tracks 114.48% and total cumulative return in cash totals $105,883. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,000/mo property income relative to a $1,366/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48467, Port Austin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,765 (100%) |
| Owner Occupied HU | 966 (34.9%) |
| Renter Occupied HU | 170 ( 6.1%) |
| Vacant Housing Units | 1,629 (58.9%) |
| Median Home Value | $196,196 |
| Average Home Value | $261,638 |
Housing Distribution
Address Breakdown
Residential
1,152
Single Family
1,130
Multi-Family
22
Businesses
110
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Listed by: Rose Cooper • Hagle Real Estate, LLC
Mls Name: RMLS Multi-List
Mls ID: #799-25-0064