57306 Meadowridge DrWashingtonMI48094
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 Washington at 57306 Meadowridge Dr, Washington, MI, 48094 earns from $5,760/mo rent with a $4,502/mo payment. Total monthly income totals $5,760/mo. ROI tracks 17.5% on current figures, and rental yield reads 7.51% at a $919,900 purchase. Equity gained on principal adds $5,936/yr, and 5% annual appreciation supports $254,151 over five years. Five-year ROI reaches 90.92% and total cumulative return in cash sums $275,167. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,760/mo property income instead of your personal income.
Single Family
Built in 2024
0.25 Acres lot
$N/A/sqft
$340 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kenny Lanzar • Arterra Realty Michigan LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24049290
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.