6471 Hagar Shore Rd WColomaMI49038
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
Investment Highlights
Investment property for sale in Coloma at 6471 Hagar Shore Rd W, Coloma, MI, 49038 uses $35,968 cash to close to unlock $2,683/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $939/mo, and a $531/mo payment keeps the spread at $224/mo. Purchase price stands at $108,500, and rental yield measures 10.39% with $939/mo rent. Return on cash invested shows 27.37% in year one, and 5% annual appreciation builds toward $29,977 over five years. Five-year ROI reaches 143.45% and total cumulative return in cash records $51,597. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $939/mo property income covering a $531/mo payment rather than investor’s personal income.
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