468 Red Cedar Blvd #2WilliamstonMI48895
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 468 Red Cedar Blvd #2, Williamston, MI, 48895 in Williamston. Priced at $186,000, it generates $2,521/mo in gross rent and $897/mo in net monthly cash flow, a 16.27% yield that comfortably supports the 3.02 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,759. Five-year appreciation: $51,388. Equity from principal paydown: $1,713/yr. Total projected cumulative return: $130,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.3% | 7.2% |
| Monthly Cash Flow | $897 | $800 |
City averages based on Williamston market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,521 |
| Total Monthly Debt Service | $1,551 |
| DSCR Ratio | 1.63x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1992
N/A lot
$N/A/sqft
$398 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48895, Williamston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,814 (81.0%) |
| Renter Occupied HU | 697 (14.8%) |
| Vacant Housing Units | 199 ( 4.2%) |
| Median Home Value | $344,354 |
| Average Home Value | $358,692 |
Housing Distribution
Address Breakdown
Residential
4,610
Single Family
4,455
Multi-Family
155
Businesses
429
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
Condo
Built in 1992
N/A lot
$N/A/sqft
$398 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48895, Williamston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,814 (81.0%) |
| Renter Occupied HU | 697 (14.8%) |
| Vacant Housing Units | 199 ( 4.2%) |
| Median Home Value | $344,354 |
| Average Home Value | $358,692 |
Housing Distribution
Address Breakdown
Residential
4,610
Single Family
4,455
Multi-Family
155
Businesses
429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Fletcher • Berkshire Hathaway HomeServices
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #287979
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS