7966 Firestone LnWashingtonMI48094
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 7966 Firestone Ln, Washington, MI, 48094 in Washington at $675,000, 5.19% gross yield, is a market-growth asset. Rental yield 5.19%. The $2,917/mo rent partially funds the $3,035/mo debt service; the core return is the 5%/yr price growth projected to add $186,490 over five years. Ziffy Mortgage's DSCR mortgage (0.96) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $149,436.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 9.0% |
| Monthly Cash Flow | $(1,684) | $650 |
City averages based on Washington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,917 |
| Total Monthly Debt Service | $4,333 |
| DSCR Ratio | 0.67x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 2014
17.10 Acres lot
$N/A/sqft
$150 monthly 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
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
Condo
Built in 2014
17.10 Acres lot
$N/A/sqft
$150 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julia Relyea • Move MI Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25047750
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.