61626 Colony Bay Dr #15CassopolisMI49031
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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 Cassopolis at 61626 Colony Bay Dr #15, Cassopolis, MI, 49031 listed at $520,000 pairs $2,376/mo rent with a $2,545/mo payment. Total monthly income runs $2,376/mo. Return on cash invested measures 12.67% in year one, and rental yield registers 5.48% at a $520,000 basis. Equity gained on principal adds $3,355/yr, and annual property appreciation at 5% supports $143,666 by year five. Five-year ROI tracks 64.54% and total cumulative return in cash totals $110,411. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,376/mo property income relative to a $2,545/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49031, Cassopolis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,906 (100%) |
| Owner Occupied HU | 2,321 (59.4%) |
| Renter Occupied HU | 698 (17.9%) |
| Vacant Housing Units | 887 (22.7%) |
| Median Home Value | $235,565 |
| Average Home Value | $333,543 |
Housing Distribution
Address Breakdown
Residential
3,166
Single Family
3,039
Multi-Family
127
Businesses
207
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Listed by: Angie Marsh • Southern Marsh Realty
Mls Name: MichRIC
Mls ID: #25028988