311 E Colby StWhitehallMI49461
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
Investment property for sale in Whitehall at 311 E Colby St, Whitehall, MI, 49461 uses $79,527 cash to close to unlock $1,622/yr annual cash flow and $135/mo monthly cash flow. Total monthly income runs $1,719/mo, and a $1,174/mo payment keeps the spread at $135/mo. Purchase price stands at $239,900, and rental yield measures 8.6% with $1,719/mo rent. Return on cash invested shows 21.95% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 114.37% and total cumulative return in cash records $90,955. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,719/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 1908
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49461, Whitehall, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,152 (100%) |
| Owner Occupied HU | 3,114 (75.0%) |
| Renter Occupied HU | 533 (12.8%) |
| Vacant Housing Units | 505 (12.2%) |
| Median Home Value | $262,468 |
| Average Home Value | $328,917 |
Housing Distribution
Address Breakdown
Residential
4,150
Single Family
3,978
Multi-Family
172
Businesses
272
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
