3303 N Bailey RdCoralMI49322
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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 Coral at 3303 N Bailey Rd, Coral, MI, 49322 uses $86,190 cash to close to unlock $2,676/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $1,938/mo, and a $1,273/mo payment keeps the spread at $223/mo. Purchase price stands at $260,000, and rental yield measures 8.94% with $1,938/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 120.02% and total cumulative return in cash records $103,445. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,938/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Single Family
Built in 1900
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49322, Coral, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 531 (100%) |
| Owner Occupied HU | 378 (71.2%) |
| Renter Occupied HU | 52 ( 9.8%) |
| Vacant Housing Units | 101 (19.0%) |
| Median Home Value | $234,694 |
| Average Home Value | $227,057 |
Housing Distribution
Address Breakdown
Residential
465
Single Family
465
Multi-Family
0
Businesses
5
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