4840 Shore DrColomaMI49038
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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 Coloma at 4840 Shore Dr, Coloma, MI, 49038 uses $62,720 cash to close to unlock $14,184/yr annual cash flow and $1,182/mo monthly cash flow. Total monthly income runs $2,467/mo, and a $926/mo payment keeps the spread at $1,182/mo. Purchase price stands at $189,200, and rental yield measures 15.65% with $2,467/mo rent. Return on cash invested shows 42.52% in year one, and 5% annual appreciation builds toward $52,272 over five years. Five-year ROI reaches 224.89% and total cumulative return in cash records $141,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,467/mo property income covering a $926/mo payment rather than investor’s personal income.
Home Type Unknown
Built in 1950
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49038, Coloma, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,920 (100%) |
| Owner Occupied HU | 2,972 (60.4%) |
| Renter Occupied HU | 747 (15.2%) |
| Vacant Housing Units | 1,201 (24.4%) |
| Median Home Value | $225,884 |
| Average Home Value | $297,148 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
4,279
Multi-Family
0
Businesses
233
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