415 E Washington RdFreelandMI48623
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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 Freeland at 415 E Washington Rd, Freeland, MI, 48623 uses $52,709 cash to close to unlock $2,288/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $1,239/mo, and a $778/mo payment keeps the spread at $191/mo. Purchase price stands at $159,000, and rental yield measures 9.35% with $1,239/mo rent. Return on cash invested shows 24.25% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 126.67% and total cumulative return in cash records $66,768. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,239/mo property income covering a $778/mo payment rather than investor’s personal income.
Single Family
Built in 1915
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48623, Freeland, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,439 (100%) |
| Owner Occupied HU | 4,603 (84.6%) |
| Renter Occupied HU | 598 (11.0%) |
| Vacant Housing Units | 238 ( 4.4%) |
| Median Home Value | $283,821 |
| Average Home Value | $326,566 |
Housing Distribution
Address Breakdown
Residential
5,234
Single Family
5,234
Multi-Family
0
Businesses
330
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Listed by: Marie Glinski • Century 21 Signature Freeland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50176048
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.