307 John StColonMI49040
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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
Investment property for sale in Colon at 307 John St, Colon, MI, 49040 with 5% annual appreciation on a $146,000 basis while $1,792/mo rent supports operations. Total monthly income totals $1,792/mo and a $715/mo payment preserves $812/mo for cash returns. Annual cash flow comes to $9,741/yr on $48,399 deployed, and return on cash invested reaches 40.04% in year one. Equity gained on principal adds $942/yr, and five-year appreciation sums $40,337 alongside rental yield of 14.73%. Five-year ROI measures 211.49% and total cumulative return in cash totals $102,358.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,792/mo property income versus a $715/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49040, Colon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,797 (100%) |
| Owner Occupied HU | 1,063 (59.2%) |
| Renter Occupied HU | 256 (14.2%) |
| Vacant Housing Units | 478 (26.6%) |
| Median Home Value | $200,926 |
| Average Home Value | $263,335 |
Housing Distribution
Address Breakdown
Residential
1,380
Single Family
1,380
Multi-Family
0
Businesses
57
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