223 Lake Shore DrColdwaterMI49036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Coldwater at 223 Lake Shore Dr, Coldwater, MI, 49036 generates $1,391/mo in rent, after a $3,083/mo payment. Total monthly income is $1,391/mo. Return on cash invested sits at 4.06% in year one, and rental yield is 2.65% on a $629,900 entry. Equity gained on principal adds $4,065/yr, while 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 18.38% and total cumulative return in cash sums $38,091. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,391/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.29 Acres 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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