263 Washington StDundeeMI48131
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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
Rental property for sale in Dundee at 263 Washington St, Dundee, MI, 48131 generates $2,134/mo in rent and, after a $734/mo payment, leaves $1,145/mo in cash flow. Total monthly income is $2,134/mo, and annual cash flow is $13,742/yr on $49,692 invested. Return on cash invested sits at 47.56% in year one, and rental yield is 17.08% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 251.77% and total cumulative return in cash sums $125,111. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,134/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48131, Dundee, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,596 (100%) |
| Owner Occupied HU | 2,487 (69.2%) |
| Renter Occupied HU | 970 (27.0%) |
| Vacant Housing Units | 139 ( 3.9%) |
| Median Home Value | $311,953 |
| Average Home Value | $319,312 |
Housing Distribution
Address Breakdown
Residential
3,577
Single Family
3,252
Multi-Family
325
Businesses
241
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