8584 Grove StWashingtonMI48094
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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
Investment property for sale in Washington at 8584 Grove St, Washington, MI, 48094 uses $131,572 cash to close to unlock $411/yr annual cash flow and $34/mo monthly cash flow. Total monthly income runs $2,652/mo, and a $1,943/mo payment keeps the spread at $34/mo. Purchase price stands at $396,900, and rental yield measures 8.02% with $2,652/mo rent. Return on cash invested shows 20.22% in year one, and 5% annual appreciation builds toward $109,656 over five years. Five-year ROI reaches 105.07% and total cumulative return in cash records $138,243. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,652/mo property income covering a $1,943/mo payment rather than investor’s personal income.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No 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
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Listed by: Marva L Casadei • Real Estate One-Rochester
Mls Name: Realcomp II
Mls ID: #20251025337