494 Mallard DrColdwaterMI49036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Coldwater at 494 Mallard Dr, Coldwater, MI, 49036 offers $2,275/mo rent that, after a $1,615/mo payment, leaves $83/mo cash flow. Total monthly income is $2,275/mo, and annual cash flow is $990/yr on $109,362 cash. Return on cash invested measures 20.81% in year one, and rental yield stands at 8.28% at a $329,900 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,145 by year five. Five-year ROI records 108.31% and total cumulative return in cash reaches $118,455. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,275/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.80 Acres lot
$N/A/sqft
$200 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
