5068 Pier RdColomaMI49038
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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 Coloma at 5068 Pier Rd, Coloma, MI, 49038 offers $3,347/mo rent that, after a $6,764/mo payment. Total monthly income is $3,347/mo. Return on cash invested measures 4.92% in year one, and rental yield stands at 2.91% at a $1,382,000 entry. Equity gained on principal adds $8,918/yr while 5% annual appreciation compounds into $381,821 by year five. Five-year ROI records 22.89% and total cumulative return in cash reaches $102,488. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,347/mo property income versus a $6,764/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.91 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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