59771 Glacier Rdg NWashingtonMI48094
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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
Rental property for sale in Washington at 59771 Glacier Rdg N, Washington, MI, 48094 generates $2,762/mo in rent, after a $2,275/mo payment. Total monthly income is $2,762/mo. Return on cash invested sits at 17.55% in year one, and rental yield is 7.13% on a $464,900 entry. Equity gained on principal adds $3,000/yr, while 5% annual appreciation builds toward $128,443 over five years. Five-year ROI reaches 90.71% and total cumulative return in cash sums $139,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,762/mo property income rather than buyer’s personal income.
Condo
Built in 1999
10,454 sqft 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: Matthew Tenfelde • Century 21 Affiliated
Mls Name: Greater Lansing AOR
Mls ID: #290859