408 Washington StAlbionMI49224
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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
Investment property for sale in Albion at 408 Washington St, Albion, MI, 49224 offers a 8.89% rental yield on a $235,000 purchase with $1,740/mo rent. Total monthly income registers $1,740/mo, and a $1,150/mo payment leaves $191/mo available for distribution. Annual cash flow reaches $2,286/yr on $77,903 to close, and return on cash invested stands at 22.84% in year one. Equity gained on principal adds $1,516/yr while 5% annual appreciation supports $64,926 over five years. Portfolio math shows five-year ROI at 119.14% and total cumulative return in cash at $92,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,740/mo property income against a $1,150/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49224, Albion, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,490 (100%) |
| Owner Occupied HU | 3,476 (63.3%) |
| Renter Occupied HU | 1,364 (24.8%) |
| Vacant Housing Units | 650 (11.8%) |
| Median Home Value | $160,488 |
| Average Home Value | $216,057 |
Housing Distribution
Address Breakdown
Residential
5,185
Single Family
4,993
Multi-Family
192
Businesses
313
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