8753 N Chippewa RdColemanMI48618
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 8753 N Chippewa Rd, Coleman, MI, 48618 in Coleman earns a 11.43% gross yield at $156,750. Rent of $1,493/mo nets $459/mo after the $705/mo mortgage. The 2.12 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $43,307 and $1,444/yr in equity accumulation project a total cumulative return of $89,273.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 7.0% |
| Monthly Cash Flow | $459 | $250 |
City averages based on Coleman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,493 |
| Total Monthly Debt Service | $971 |
| DSCR Ratio | 1.54x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices