60313 Schoenherr RdWashingtonMI48094
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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 60313 Schoenherr Rd, Washington, MI, 48094 earns $207/mo cash flow from $3,702/mo rent with a $2,594/mo payment. Total monthly income totals $3,702/mo, and annual cash flow totals $2,484/yr on $174,370 capital. ROI tracks 21.48% on current figures, and rental yield reads 8.38% at a $530,000 purchase. Equity gained on principal adds $3,420/yr, and 5% annual appreciation supports $146,429 over five years. Five-year ROI reaches 111.79% and total cumulative return in cash sums $194,923. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,702/mo property income instead of your personal income.
Single Family
Built in 1972
5.22 Acres 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: Linda Fennell • Berkshire Hathaway HomeServices Kee Realty Wash
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50159186
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