59010 Lakeshore DrColonMI49040
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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 Colon at 59010 Lakeshore Dr, Colon, MI, 49040 offers a 6.6% rental yield on a $265,000 purchase with $1,457/mo rent. 94% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 82.11% and total cumulative return in cash at $72,135. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,457/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1986
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49040, Colon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,797 (100%) |
| Owner Occupied HU | 1,063 (59.2%) |
| Renter Occupied HU | 256 (14.2%) |
| Vacant Housing Units | 478 (26.6%) |
| Median Home Value | $200,926 |
| Average Home Value | $263,335 |
Housing Distribution
Address Breakdown
Residential
1,380
Single Family
1,380
Multi-Family
0
Businesses
57
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