243 Washington StLitchfieldMI49252
Nearby investment properties with comparable rents
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
Rental property for sale in Litchfield at 243 Washington St, Litchfield, MI, 49252 priced at $185,000 pairs $1,480/mo rent with $261/mo cash flow after a $905/mo payment. Total monthly income equals $1,480/mo, and annual cash flow comes to $3,126/yr on $61,328 invested. Return on cash invested is 25.01% in year one, and rental yield stands at 9.6% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 130.73% and total cumulative return in cash reaches $80,175. For financing, Ziffy Mortgage’s DSCR program evaluates $1,480/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2003
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49252, Litchfield, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,163 (100%) |
| Owner Occupied HU | 847 (72.8%) |
| Renter Occupied HU | 257 (22.1%) |
| Vacant Housing Units | 59 ( 5.1%) |
| Median Home Value | $150,107 |
| Average Home Value | $184,383 |
Housing Distribution
Address Breakdown
Residential
1,040
Single Family
1,016
Multi-Family
24
Businesses
79
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Nearby investment properties with comparable prices
Listed by: Jon Limbacher • Spieth & Satow Auctions & Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25026684
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.