300 Colorado Ridge DrHemlockMI48626
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 Hemlock at 300 Colorado Ridge Dr, Hemlock, MI, 48626 priced at $289,000 pairs $2,212/mo rent with $295/mo cash flow after a $1,415/mo payment. Total monthly income equals $2,212/mo, and annual cash flow comes to $3,538/yr on $95,804 invested. Return on cash invested is 23.6% in year one, and rental yield stands at 9.18% on a $289,000 basis. Equity gained on principal adds $1,865/yr, and 5% annual appreciation accumulates to $79,845 by year five. Five-year ROI measures 123.22% and total cumulative return in cash reaches $118,046. For financing, Ziffy Mortgage’s DSCR program evaluates $2,212/mo property income against a $1,415/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1994
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48626, Hemlock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,414 (100%) |
| Owner Occupied HU | 2,070 (85.7%) |
| Renter Occupied HU | 226 ( 9.4%) |
| Vacant Housing Units | 118 ( 4.9%) |
| Median Home Value | $245,623 |
| Average Home Value | $273,877 |
Housing Distribution
Address Breakdown
Residential
2,360
Single Family
2,344
Multi-Family
16
Businesses
101
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Knoll • Berkshire Hathaway HomeServices Michigan Real Estate
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50171860
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.