Bloomfield II Plan, Powell RidgeWashingtonMI48094
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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 Washington at Bloomfield II Plan, Powell Ridge, Washington, MI, 48094 priced at $646,900 converts $4,088/mo rent into after a $3,166/mo obligation. Total monthly income equals $4,088/mo. Return on cash invested prints 19.06% in year one, and rental yield reads 7.58% against a $646,900 entry. Equity gained on principal adds $4,174/yr, while 5% annual appreciation compiles into $178,727 by year five. Five-year ROI reaches 98.79% and total cumulative return in cash sums $210,252. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,088/mo property income covering a $3,166/mo payment, not borrower’s personal income.
Single Family
Built in 2025
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: N/A • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A