40 Washington StSanduskyMI48471
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 Sandusky at 40 Washington St, Sandusky, MI, 48471 priced at $249,900 converts $4,118/mo rent into $2,470/mo cash flow after a $1,223/mo obligation. Total monthly income equals $4,118/mo, and annual cash flow totals $29,642/yr on $82,842 invested. Return on cash invested prints 55.69% in year one, and rental yield reads 19.77% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 295.29% and total cumulative return in cash sums $244,622. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,118/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48471, Sandusky, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,636 (100%) |
| Owner Occupied HU | 1,719 (65.2%) |
| Renter Occupied HU | 702 (26.6%) |
| Vacant Housing Units | 215 ( 8.2%) |
| Median Home Value | $162,345 |
| Average Home Value | $217,945 |
Housing Distribution
Address Breakdown
Residential
2,459
Single Family
2,118
Multi-Family
341
Businesses
286
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Listed by: Malinda S. Kelly • Town & Country Realty-Lexington
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50153239
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