29 Washington StPort austinMI48467
INVESTMENT ANALYSIS
Investment Verdict
Solid Income29 Washington St, Port austin, MI, 48467 in Port austin is a solid income-producing rental, 9.4% gross yield, $2,267/mo rent, $358/mo net cash flow on a $289,500 buy. DSCR 1.74 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $79,984 and $2,666/yr in principal reduction project a total cumulative return of $133,284.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.0% |
| Monthly Cash Flow | $358 | $350 |
City averages based on Port austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,267 |
| Total Monthly Debt Service | $1,794 |
| DSCR Ratio | 1.26x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1945
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
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
Single Family
Built in 1945
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Casey A Bruce • Osentoski Realty
Mls Name: RMLS Multi-List
Mls ID: #040-25-0029