710 S Washington StHastingsMI49058
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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 Hastings at 710 S Washington St, Hastings, MI, 49058 generates $1,065/mo in rent and, after a $661/mo payment, leaves $175/mo in cash flow. Total monthly income is $1,065/mo, and annual cash flow is $2,094/yr on $44,753 invested. Return on cash invested sits at 24.59% in year one, and rental yield is 9.47% on a $135,000 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 128.52% and total cumulative return in cash sums $57,517. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,065/mo property income rather than buyer’s personal income.
Single Family
Built in 1850
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49058, Hastings, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,678 (100%) |
| Owner Occupied HU | 6,576 (75.8%) |
| Renter Occupied HU | 1,533 (17.7%) |
| Vacant Housing Units | 569 ( 6.6%) |
| Median Home Value | $241,902 |
| Average Home Value | $285,255 |
Housing Distribution
Address Breakdown
Residential
8,048
Single Family
7,837
Multi-Family
211
Businesses
564
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