66970 Powell RdWashingtonMI48095
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 66970 Powell Rd, Washington, MI, 48095 in Washington hard to pass up. The 21.9% gross yield on a $107,000 purchase results in $1,952/mo in rent and $1,247/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (4.06). Annual cash flow of $14,961, five-year appreciation of $29,562, and $985/yr in equity build-up combine for a projected total cumulative return of $121,020.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 21.9% | 9.0% |
| Monthly Cash Flow | $1,247 | $650 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,952 |
| Total Monthly Debt Service | $663 |
| DSCR Ratio | 2.94x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Lot
Built in N/A
1.40 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
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
Lot
Built in N/A
1.40 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Sheridan • Realty Executives Home Towne Chesterfield
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50157837
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