2070 N Colling RdCaroMI48723
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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 Caro at 2070 N Colling Rd, Caro, MI, 48723 priced at $115,000 converts $863/mo rent into $105/mo cash flow after a $563/mo obligation. Total monthly income equals $863/mo, and annual cash flow totals $1,254/yr on $38,123 invested. Return on cash invested prints 23.2% in year one, and rental yield reads 9.01% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 121.06% and total cumulative return in cash sums $46,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $863/mo property income covering a $563/mo payment, not borrower’s personal income.
Manufactured
Built in 1997
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48723, Caro, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,270 (100%) |
| Owner Occupied HU | 3,730 (70.8%) |
| Renter Occupied HU | 1,083 (20.6%) |
| Vacant Housing Units | 457 ( 8.7%) |
| Median Home Value | $147,264 |
| Average Home Value | $179,741 |
Housing Distribution
Address Breakdown
Residential
5,078
Single Family
4,873
Multi-Family
205
Businesses
460
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