17043 Cotherman Lake RdThree RiversMI49093
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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 Three Rivers at 17043 Cotherman Lake Rd, Three Rivers, MI, 49093 uses $84,499 cash to close to unlock $5,960/yr annual cash flow and $497/mo monthly cash flow. Total monthly income runs $2,178/mo, and a $1,248/mo payment keeps the spread at $497/mo. Purchase price stands at $254,900, and rental yield measures 10.25% with $2,178/mo rent. Return on cash invested shows 26.96% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 141.2% and total cumulative return in cash records $119,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,178/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1997
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49093, Three Rivers, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,443 (100%) |
| Owner Occupied HU | 5,489 (65.0%) |
| Renter Occupied HU | 1,816 (21.5%) |
| Vacant Housing Units | 1,138 (13.5%) |
| Median Home Value | $186,504 |
| Average Home Value | $233,407 |
Housing Distribution
Address Breakdown
Residential
8,248
Single Family
7,525
Multi-Family
723
Businesses
613
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Listed by: Barry Bond • RE/MAX of Kalamazoo
Mls Name: MichRIC
Mls ID: #25041995