31688 W Colon RdColonMI49040
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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
Rental property for sale in Colon at 31688 W Colon Rd, Colon, MI, 49040 generates $2,668/mo in rent, after a $2,212/mo payment. Total monthly income is $2,668/mo. Return on cash invested sits at 17.41% in year one, and rental yield is 7.08% on a $452,000 entry. Equity gained on principal adds $2,917/yr, while 5% annual appreciation builds toward $124,879 over five years. Five-year ROI reaches 89.96% and total cumulative return in cash sums $134,794. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,668/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
2 Acres 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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