9291 E Colby RdCrystalMI48818
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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 Crystal at 9291 E Colby Rd, Crystal, MI, 48818 uses $46,377 cash to close to unlock $11,606/yr annual cash flow and $967/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $685/mo payment keeps the spread at $967/mo. Purchase price stands at $139,900, and rental yield measures 16.21% with $1,890/mo rent. Return on cash invested shows 44.93% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 237.67% and total cumulative return in cash records $110,223. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48818, Crystal, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,366 (100%) |
| Owner Occupied HU | 800 (58.6%) |
| Renter Occupied HU | 145 (10.6%) |
| Vacant Housing Units | 421 (30.8%) |
| Median Home Value | $234,231 |
| Average Home Value | $278,194 |
Housing Distribution
Address Breakdown
Residential
1,031
Single Family
1,031
Multi-Family
0
Businesses
44
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Listed by: Adam Vibber • CENTURY 21 LEE-MAC REALTY
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1928274
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.