5603 Colonial Dr #202BellaireMI49615
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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 Bellaire at 5603 Colonial Dr #202, Bellaire, MI, 49615 offers a 1.34% rental yield on a $915,000 purchase with $1,020/mo rent. 08% in year one. Equity gained on principal adds $5,904/yr while 5% annual appreciation supports $252,798 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,020/mo property income against a $4,478/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.69 Acres lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Nicole Zuehlke • Berkshire Hathaway HomeServices Real Estate - BC
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #474687
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.