415 W Washington StDewittMI48820
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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
Rental property for sale in Dewitt at 415 W Washington St, Dewitt, MI, 48820 generates $1,598/mo in rent and, after a $1,150/mo payment, leaves $49/mo in cash flow. Total monthly income is $1,598/mo, and annual cash flow is $582/yr on $77,903 invested. Return on cash invested sits at 20.66% in year one, and rental yield is 8.16% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 107.42% and total cumulative return in cash sums $83,680. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,598/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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