11420 E Denver RdColemanMI48618
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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 Coleman at 11420 E Denver Rd, Coleman, MI, 48618 generates $1,188/mo in rent and, after a $743/mo payment, leaves $187/mo in cash flow. Total monthly income is $1,188/mo, and annual cash flow is $2,243/yr on $50,322 invested. Return on cash invested sits at 24.37% in year one, and rental yield is 9.39% on a $151,800 entry. Equity gained on principal adds $980/yr, while 5% annual appreciation builds toward $41,940 over five years. Five-year ROI reaches 127.28% and total cumulative return in cash sums $64,051. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,188/mo property income rather than buyer’s personal income.
Single Family
Built in 1962
1.21 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: Tom Webb • Century 21 Signature Realty Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50172550
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.