31908 Decker 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
Investment property for sale in Colon at 31908 Decker Rd, Colon, MI, 49040 uses $80,555 cash to close to unlock $767/yr annual cash flow and $64/mo monthly cash flow. Total monthly income runs $1,666/mo, and a $1,189/mo payment keeps the spread at $64/mo. Purchase price stands at $243,000, and rental yield measures 8.23% with $1,666/mo rent. Return on cash invested shows 20.86% in year one, and 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 108.47% and total cumulative return in cash records $87,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,666/mo property income covering a $1,189/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,969 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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