81205 Cole StMemphisMI48041
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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 Memphis at 81205 Cole St, Memphis, MI, 48041 offers a 10% rental yield on a $179,000 purchase with $1,492/mo rent. Total monthly income registers $1,492/mo, and a $876/mo payment leaves $312/mo available for distribution. Annual cash flow reaches $3,740/yr on $59,339 to close, and return on cash invested stands at 26.21% in year one. Equity gained on principal adds $1,155/yr while 5% annual appreciation supports $49,454 over five years. Portfolio math shows five-year ROI at 137.18% and total cumulative return in cash at $81,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,492/mo property income against a $876/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48041, Memphis, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,812 (100%) |
| Owner Occupied HU | 1,582 (87.3%) |
| Renter Occupied HU | 147 ( 8.1%) |
| Vacant Housing Units | 83 ( 4.6%) |
| Median Home Value | $340,476 |
| Average Home Value | $370,216 |
Housing Distribution
Address Breakdown
Residential
1,559
Single Family
1,534
Multi-Family
25
Businesses
83
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