59333 Mountain Ash CtWashingtonMI48094
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 59333 Mountain Ash Ct, Washington, MI, 48094 in Washington. Priced at $292,500, it generates $2,759/mo in gross rent and $545/mo in net monthly cash flow, a 11.32% yield that comfortably supports the 1.99 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,539. Five-year appreciation: $80,812. Equity from principal paydown: $2,452/yr. Total projected cumulative return: $142,240.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 9.0% |
| Monthly Cash Flow | $545 | $650 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,759 |
| Total Monthly Debt Service | $2,169 |
| DSCR Ratio | 1.27x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2000
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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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alfred M Block • RE/MAX First
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20261085410
