15607 W Cannonsville RdCoralMI49322
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Coral rental at 15607 W Cannonsville Rd, Coral, MI, 49322 sits in the solid-income band: 9.18% gross yield, $3,635/mo rent, $503/mo net after the $2,135/mo debt service, DSCR 1.70. Entry price of $474,900 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $131,206 and $4,374/yr in principal reduction bring total cumulative return to $213,329.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $503 | $400 |
City averages based on Coral market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,635 |
| Total Monthly Debt Service | $2,943 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49322, Coral, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 378 (71.2%) |
| Renter Occupied HU | 52 ( 9.8%) |
| Vacant Housing Units | 101 (19.0%) |
| Median Home Value | $234,694 |
| Average Home Value | $227,057 |
Housing Distribution
Address Breakdown
Residential
465
Single Family
465
Multi-Family
0
Businesses
5
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
Single Family
Built in 1995
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49322, Coral, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 378 (71.2%) |
| Renter Occupied HU | 52 ( 9.8%) |
| Vacant Housing Units | 101 (19.0%) |
| Median Home Value | $234,694 |
| Average Home Value | $227,057 |
Housing Distribution
Address Breakdown
Residential
465
Single Family
465
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices