8753 N Chippewa RdColemanMI48618
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 Coleman at 8753 N Chippewa Rd, Coleman, MI, 48618 offers a 11.43% rental yield on a $156,750 purchase with $1,493/mo rent. Total monthly income registers $1,493/mo, and a $767/mo payment leaves $460/mo available for distribution. Annual cash flow reaches $5,514/yr on $51,963 to close, and return on cash invested stands at 30.52% in year one. Equity gained on principal adds $1,011/yr while 5% annual appreciation supports $43,307 over five years. Portfolio math shows five-year ROI at 160.29% and total cumulative return in cash at $83,293. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,493/mo property income against a $767/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.80 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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