224 S West StColomaMI49038
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 Coloma at 224 S West St, Coloma, MI, 49038 priced at $154,999 pairs $1,409/mo rent with $387/mo cash flow after a $759/mo payment. Total monthly income equals $1,409/mo, and annual cash flow comes to $4,638/yr on $51,382 invested. Return on cash invested is 28.94% in year one, and rental yield stands at 10.91% on a $154,999 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,823 by year five. Five-year ROI measures 151.81% and total cumulative return in cash reaches $78,003. For financing, Ziffy Mortgage’s DSCR program evaluates $1,409/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49038, Coloma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,920 (100%) |
| Owner Occupied HU | 2,972 (60.4%) |
| Renter Occupied HU | 747 (15.2%) |
| Vacant Housing Units | 1,201 (24.4%) |
| Median Home Value | $225,884 |
| Average Home Value | $297,148 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
4,279
Multi-Family
0
Businesses
233
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