2020 Coolridge RdHoltMI48842
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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 Holt at 2020 Coolridge Rd, Holt, MI, 48842 uses $96,102 cash to close to unlock $5,702/yr annual cash flow and $475/mo monthly cash flow. Total monthly income runs $2,387/mo, and a $1,419/mo payment keeps the spread at $475/mo. Purchase price stands at $289,900, and rental yield measures 9.88% with $2,387/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 135.24% and total cumulative return in cash records $129,969. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,387/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1930
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48842, Holt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,767 (100%) |
| Owner Occupied HU | 6,777 (69.4%) |
| Renter Occupied HU | 2,574 (26.4%) |
| Vacant Housing Units | 416 ( 4.3%) |
| Median Home Value | $223,975 |
| Average Home Value | $230,312 |
Housing Distribution
Address Breakdown
Residential
9,669
Single Family
8,687
Multi-Family
982
Businesses
489
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