4947 W Burns RdColemanMI48618
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 Coleman at 4947 W Burns Rd, Coleman, MI, 48618 priced at $170,000 pairs $1,586/mo rent with $465/mo cash flow after a $832/mo payment. Total monthly income equals $1,586/mo, and annual cash flow comes to $5,580/yr on $56,355 invested. Return on cash invested is 29.81% in year one, and rental yield stands at 11.2% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 156.46% and total cumulative return in cash reaches $88,173. For financing, Ziffy Mortgage’s DSCR program evaluates $1,586/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1911
3.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48618, Coleman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,844 (76.6%) |
| Renter Occupied HU | 340 (14.1%) |
| Vacant Housing Units | 223 ( 9.3%) |
| Median Home Value | $162,598 |
| Average Home Value | $198,128 |
Housing Distribution
Address Breakdown
Residential
2,209
Single Family
2,150
Multi-Family
59
Businesses
89
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Nearby investment properties with comparable prices
Listed by: Kevin Crampton • Modern Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162814
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