27 Coolidge StConklinMI49403
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 Conklin at 27 Coolidge St, Conklin, MI, 49403 offers $3,187/mo rent that, after a $2,080/mo payment, leaves $385/mo cash flow. Total monthly income is $3,187/mo, and annual cash flow is $4,616/yr on $140,854 cash. Return on cash invested measures 23.19% in year one, and rental yield stands at 9% at a $424,900 entry. Equity gained on principal adds $2,742/yr while 5% annual appreciation compounds into $117,392 by year five. Five-year ROI records 120.95% and total cumulative return in cash reaches $170,361. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,187/mo property income versus a $2,080/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49403, Conklin, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 951 (100%) |
| Owner Occupied HU | 817 (85.9%) |
| Renter Occupied HU | 79 ( 8.3%) |
| Vacant Housing Units | 55 ( 5.8%) |
| Median Home Value | $359,665 |
| Average Home Value | $413,127 |
Housing Distribution
Address Breakdown
Residential
927
Single Family
927
Multi-Family
0
Businesses
36
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