21 Cole StQuincyMI49082
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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 Quincy at 21 Cole St, Quincy, MI, 49082 uses $56,355 cash to close to unlock $6,852/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $1,692/mo, and a $832/mo payment keeps the spread at $571/mo. Purchase price stands at $170,000, and rental yield measures 11.94% with $1,692/mo rent. Return on cash invested shows 32.07% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 168.58% and total cumulative return in cash records $95,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,692/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49082, Quincy, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,102 (100%) |
| Owner Occupied HU | 2,037 (65.7%) |
| Renter Occupied HU | 419 (13.5%) |
| Vacant Housing Units | 646 (20.8%) |
| Median Home Value | $194,318 |
| Average Home Value | $234,561 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,532
Multi-Family
74
Businesses
129
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