103 E Washington StColemanMI48618
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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 Coleman at 103 E Washington St, Coleman, MI, 48618 with 5% annual appreciation on a $169,900 basis while $1,691/mo rent supports operations. Total monthly income totals $1,691/mo and a $832/mo payment preserves $531/mo for cash returns. Annual cash flow comes to $6,377/yr on $56,322 deployed, and return on cash invested reaches 31.23% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 11.94%. Five-year ROI measures 164.42% and total cumulative return in cash totals $92,606.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,691/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48618, Coleman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,844 (76.6%) |
| Renter Occupied HU | 340 (14.1%) |
| Vacant Housing Units | 223 ( 9.3%) |
| Median Home Value | $162,598 |
| Average Home Value | $198,128 |
Housing Distribution
Address Breakdown
Residential
2,209
Single Family
2,150
Multi-Family
59
Businesses
89
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Listed by: Joie Sawdon • Century 21 Realty North
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50175685
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.