501 WashingtonBellevilleMI48111
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
Investment property for sale in Belleville at 501 Washington, Belleville, MI, 48111 offers a 9.39% rental yield on a $133,900 purchase with $1,048/mo rent. Total monthly income registers $1,048/mo, and a $655/mo payment leaves $165/mo available for distribution. Annual cash flow reaches $1,984/yr on $44,388 to close, and return on cash invested stands at 24.38% in year one. Equity gained on principal adds $864/yr while 5% annual appreciation supports $36,994 over five years. Portfolio math shows five-year ROI at 127.45% and total cumulative return in cash at $56,571. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,048/mo property income against a $655/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
1,596 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48111, Belleville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,990 (100%) |
| Owner Occupied HU | 13,158 (65.8%) |
| Renter Occupied HU | 5,714 (28.6%) |
| Vacant Housing Units | 1,118 ( 5.6%) |
| Median Home Value | $271,917 |
| Average Home Value | $286,480 |
Housing Distribution
Address Breakdown
Residential
19,973
Single Family
17,138
Multi-Family
2,835
Businesses
655
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trista Williams • EXP Realty Main
Mls Name: Realcomp II
Mls ID: #20251059912