8554 Grove StWashington TownshipMI48094
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
Rental property for sale in Washington Township at 8554 Grove St, Washington Township, MI, 48094 priced at $360,795 converts $4,607/mo rent into $1,988/mo cash flow after a $1,766/mo obligation. Total monthly income equals $4,607/mo, and annual cash flow totals $23,852/yr on $119,604 invested. Return on cash invested prints 39.85% in year one, and rental yield reads 15.32% against a $360,795 entry. Equity gained on principal adds $2,328/yr, while 5% annual appreciation compiles into $99,681 by year five. Five-year ROI reaches 211.19% and total cumulative return in cash sums $252,595. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,607/mo property income covering a $1,766/mo payment, not borrower’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
$240 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: Scott Fader • M/I Homes of Michigan, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240065548
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-09-13 08:45:28 PDT Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702