175 N Michigan Ave #189ColdwaterMI49036
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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 Coldwater at 175 N Michigan Ave #189, Coldwater, MI, 49036 offers a 9.1% rental yield on a $120,900 purchase with $917/mo rent. Total monthly income registers $917/mo, and a $592/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,434/yr on $40,078 to close, and return on cash invested stands at 23.49% in year one. Equity gained on principal adds $780/yr while 5% annual appreciation supports $33,402 over five years. Portfolio math shows five-year ROI at 122.61% and total cumulative return in cash at $49,142. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $917/mo property income against a $592/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49036, Coldwater, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,077 (100%) |
| Owner Occupied HU | 6,734 (55.8%) |
| Renter Occupied HU | 2,756 (22.8%) |
| Vacant Housing Units | 2,587 (21.4%) |
| Median Home Value | $166,465 |
| Average Home Value | $212,591 |
Housing Distribution
Address Breakdown
Residential
11,009
Single Family
10,036
Multi-Family
973
Businesses
866
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