6828 1st StColomaMI49038
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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 Coloma at 6828 1st St, Coloma, MI, 49038 listed at $364,900 pairs $2,880/mo rent with a $1,786/mo payment to leave $474/mo cash flow. Total monthly income runs $2,880/mo, and annual cash flow reaches $5,684/yr on $120,964 cash to close. Return on cash invested measures 24.61% in year one, and rental yield registers 9.47% at a $364,900 basis. Equity gained on principal adds $2,355/yr, and annual property appreciation at 5% supports $100,815 by year five. Five-year ROI tracks 128.58% and total cumulative return in cash totals $155,532. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,880/mo property income relative to a $1,786/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.30 Acres 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
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