6471 Hagar Shore Rd WColomaMI49038
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow6471 Hagar Shore Rd W, Coloma, MI, 49038 in Coloma is a solid income-producing rental, 10.39% gross yield, $939/mo rent, $224/mo net cash flow on a $108,500 buy. DSCR 1.92 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $29,977 and $999/yr in principal reduction project a total cumulative return of $55,741.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.0% |
| Monthly Cash Flow | $224 | $450 |
City averages based on Coloma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $939 |
| Total Monthly Debt Service | $672 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
3,920 sqft 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1940
3,920 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices