216 E Washington StDimondaleMI48821
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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 Dimondale at 216 E Washington St, Dimondale, MI, 48821 uses $82,544 cash to close to unlock $5,396/yr annual cash flow and $450/mo monthly cash flow. Total monthly income runs $2,092/mo, and a $1,219/mo payment keeps the spread at $450/mo. Purchase price stands at $249,000, and rental yield measures 10.08% with $2,092/mo rent. Return on cash invested shows 26.45% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 138.44% and total cumulative return in cash records $114,272. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,092/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1902
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48821, Dimondale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,641 (100%) |
| Owner Occupied HU | 2,330 (88.2%) |
| Renter Occupied HU | 231 ( 8.7%) |
| Vacant Housing Units | 80 ( 3.0%) |
| Median Home Value | $270,379 |
| Average Home Value | $283,974 |
Housing Distribution
Address Breakdown
Residential
2,446
Single Family
2,030
Multi-Family
416
Businesses
122
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