6577 N Magruder 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 6577 N Magruder Rd, Coleman, MI, 48618 earns $117/mo cash flow from $908/mo rent with a $587/mo payment. Total monthly income totals $908/mo, and annual cash flow totals $1,406/yr on $39,747 capital. ROI tracks 23.45% on current figures, and rental yield reads 9.09% at a $119,900 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,126 over five years. Five-year ROI reaches 122.48% and total cumulative return in cash sums $48,684. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $908/mo property income instead of your personal income.
Manufactured
Built in 1986
1.42 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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