2931 Colt Ct #61Commerce TownshipMI48382
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
Total monthly income runs $4,424/mo, and a $3,426/mo payment. Purchase price stands at $699,990, and rental yield measures 7.58% with $4,424/mo rent. Return on cash invested shows 18.76% in year one, and 5% annual appreciation builds toward $193,394 over five years. Five-year ROI reaches 97.27% and total cumulative return in cash records $224,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,424/mo property income covering a $3,426/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.45 Acres lot
$N/A/sqft
$700 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Gates • MJC Real Estate Co Inc.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50160845
Disclaimer: Source MLS: MiRealSource Provided through IDX via MiRealSource. Courtesy of MiRealSource Shareholder. Copyright MiRealSource. The information published and disseminated by MiRealSource is communicated verbatim, without change by MiRealSource, as filed with MiRealSource by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. [Click here for more information](/info/mls-disclaimers/#mls_261)