81205 Cole StMemphisMI48041
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 81205 Cole St, Memphis, MI, 48041 in Memphis. At $179,000 it earns $1,492/mo in rent and distributes $311/mo to the owner after the $805/mo payment, a consistent 10% yield. DSCR 1.85 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $49,454 in value; $1,649/yr in principal paydown compounds ownership stake. Total projected return: $88,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.0% |
| Monthly Cash Flow | $311 | $850 |
City averages based on Memphis market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,492 |
| Total Monthly Debt Service | $1,109 |
| DSCR Ratio | 1.35x |
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
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices