57253 Megan Dr #21WashingtonMI48094
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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 Washington at 57253 Megan Dr #21, Washington, MI, 48094 listed at $376,900 pairs $2,807/mo rent with a $1,845/mo payment to leave $321/mo cash flow. Total monthly income runs $2,807/mo, and annual cash flow reaches $3,855/yr on $124,942 cash to close. Return on cash invested measures 22.99% in year one, and rental yield registers 8.94% at a $376,900 basis. Equity gained on principal adds $2,432/yr, and annual property appreciation at 5% supports $104,131 by year five. Five-year ROI tracks 119.94% and total cumulative return in cash totals $149,855. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,807/mo property income relative to a $1,845/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48094, Washington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,429 (100%) |
| Owner Occupied HU | 6,873 (81.5%) |
| Renter Occupied HU | 1,262 (15.0%) |
| Vacant Housing Units | 294 ( 3.5%) |
| Median Home Value | $424,158 |
| Average Home Value | $437,504 |
Housing Distribution
Address Breakdown
Residential
8,653
Single Family
7,588
Multi-Family
1,065
Businesses
429
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Listed by: Donald Vensel • Good Company
Mls Name: Realcomp II
Mls ID: #20251033403