211 Colfax StFentonMI48430
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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 Fenton at 211 Colfax St, Fenton, MI, 48430 priced at $340,000 converts $2,884/mo rent into $642/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,884/mo, and annual cash flow totals $7,704/yr on $112,710 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 10.18% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 140.01% and total cumulative return in cash sums $157,806. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,884/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48430, Fenton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,916 (100%) |
| Owner Occupied HU | 12,868 (76.1%) |
| Renter Occupied HU | 3,053 (18.0%) |
| Vacant Housing Units | 995 ( 5.9%) |
| Median Home Value | $353,352 |
| Average Home Value | $414,915 |
Housing Distribution
Address Breakdown
Residential
16,904
Single Family
14,726
Multi-Family
2,178
Businesses
1,070
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