68649 Cornerstone DrWashingtonMI48095
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
Investment Highlights
Investment property for sale in Washington at 68649 Cornerstone Dr, Washington, MI, 48095 earns $26/mo cash flow from $3,191/mo rent with a $2,349/mo payment. Total monthly income totals $3,191/mo, and annual cash flow totals $314/yr on $159,087 capital. ROI tracks 20.11% on current figures, and rental yield reads 7.98% at a $479,900 purchase. Equity gained on principal adds $3,097/yr, and 5% annual appreciation supports $132,588 over five years. Five-year ROI reaches 104.45% and total cumulative return in cash sums $166,173. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,191/mo property income instead of your personal income.
Condo
Built in 2002
N/A 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: Nicholas J Kawala • Switch Realty, LLC
Mls Name: Realcomp II
Mls ID: #20251060899