309 Coldiron DrRochester HillsMI48307
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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 Rochester Hills at 309 Coldiron Dr, Rochester Hills, MI, 48307 offers a 8.45% rental yield on a $410,000 purchase with $2,888/mo rent. Total monthly income registers $2,888/mo, and a $2,007/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,208/yr on $135,915 to close, and return on cash invested stands at 21.53% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 112.08% and total cumulative return in cash at $152,327. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,888/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48307, Rochester, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,309 (100%) |
| Owner Occupied HU | 12,822 (63.1%) |
| Renter Occupied HU | 6,392 (31.5%) |
| Vacant Housing Units | 1,095 ( 5.4%) |
| Median Home Value | $391,661 |
| Average Home Value | $417,682 |
Housing Distribution
Address Breakdown
Residential
19,347
Single Family
16,548
Multi-Family
2,799
Businesses
1,720
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Listed by: Benjamin F Lang • RE/MAX, The Collective Agency
Mls Name: Realcomp II
Mls ID: #20251057783