5740 N Coleman RdColemanMI48618
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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 Coleman at 5740 N Coleman Rd, Coleman, MI, 48618 uses $99,119 cash to close to unlock $1,400/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $2,088/mo, and a $1,463/mo payment keeps the spread at $117/mo. Purchase price stands at $299,000, and rental yield measures 8.38% with $2,088/mo rent. Return on cash invested shows 21.32% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 110.96% and total cumulative return in cash records $109,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,088/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1984
5.14 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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