3394 W Washington RdIthacaMI48847
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
Investment property for sale in Ithaca at 3394 W Washington Rd, Ithaca, MI, 48847 uses $65,969 cash to close to unlock $5,768/yr annual cash flow and $481/mo monthly cash flow. Total monthly income runs $1,793/mo, and a $974/mo payment keeps the spread at $481/mo. Purchase price stands at $199,000, and rental yield measures 10.81% with $1,793/mo rent. Return on cash invested shows 28.65% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 150.3% and total cumulative return in cash records $99,150. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,793/mo property income covering a $974/mo payment rather than investor’s personal income.
Single Family
Built in 1920
1.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48847, Ithaca, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,615 (100%) |
| Owner Occupied HU | 1,866 (71.4%) |
| Renter Occupied HU | 523 (20.0%) |
| Vacant Housing Units | 226 ( 8.6%) |
| Median Home Value | $169,856 |
| Average Home Value | $200,805 |
Housing Distribution
Address Breakdown
Residential
2,528
Single Family
2,462
Multi-Family
66
Businesses
239
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices