63150 Mound RdWashingtonMI48095
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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 63150 Mound Rd, Washington, MI, 48095 uses $99,119 cash to close to unlock $9,908/yr annual cash flow and $826/mo monthly cash flow. Total monthly income runs $2,797/mo, and a $1,463/mo payment keeps the spread at $826/mo. Purchase price stands at $299,000, and rental yield measures 11.23% with $2,797/mo rent. Return on cash invested shows 29.91% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 156.99% and total cumulative return in cash records $155,602. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,797/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48095, Washington, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,092 (100%) |
| Owner Occupied HU | 1,908 (91.2%) |
| Renter Occupied HU | 111 ( 5.3%) |
| Vacant Housing Units | 73 ( 3.5%) |
| Median Home Value | $452,250 |
| Average Home Value | $489,477 |
Housing Distribution
Address Breakdown
Residential
2,131
Single Family
2,131
Multi-Family
0
Businesses
203
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Listed by: Michael A Lee • Sherman Parker Realty
Mls Name: MiRealSource
Mls ID: #50175318