109 E Victory WayNewberryMI49868
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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
Rental property for sale in Newberry at 109 E Victory Way, Newberry, MI, 49868 generates $1,313/mo in rent and, after a $538/mo payment, leaves $588/mo in cash flow. Total monthly income is $1,313/mo, and annual cash flow is $7,058/yr on $36,432 invested. Return on cash invested sits at 39.28% in year one, and rental yield is 14.34% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 207.42% and total cumulative return in cash sums $75,568. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,313/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
6,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49868, Newberry, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 1,452 (49.6%) |
| Renter Occupied HU | 404 (13.8%) |
| Vacant Housing Units | 1,070 (36.6%) |
| Median Home Value | $117,892 |
| Average Home Value | $180,358 |
Housing Distribution
Address Breakdown
Residential
1,655
Single Family
1,595
Multi-Family
60
Businesses
233
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Listed by: Marissa Metcalf • Cummings-McCraney
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-912
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.