391 Progress DrColdwaterMI49036
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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 Coldwater at 391 Progress Dr, Coldwater, MI, 49036 uses $109,362 cash to close to unlock $37,022/yr annual cash flow and $3,085/mo monthly cash flow. Total monthly income runs $5,261/mo, and a $1,615/mo payment keeps the spread at $3,085/mo. Purchase price stands at $329,900, and rental yield measures 19.14% with $5,261/mo rent. Return on cash invested shows 53.76% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 284.94% and total cumulative return in cash records $311,619. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,261/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49036, Coldwater, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,077 (100%) |
| Owner Occupied HU | 6,734 (55.8%) |
| Renter Occupied HU | 2,756 (22.8%) |
| Vacant Housing Units | 2,587 (21.4%) |
| Median Home Value | $166,465 |
| Average Home Value | $212,591 |
Housing Distribution
Address Breakdown
Residential
11,009
Single Family
10,036
Multi-Family
973
Businesses
866
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