1421 Newcastle DrDavisonMI48423
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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 Davison at 1421 Newcastle Dr, Davison, MI, 48423 offers a 8.88% rental yield on a $265,000 purchase with $1,961/mo rent. Total monthly income registers $1,961/mo, and a $1,297/mo payment leaves $172/mo available for distribution. Annual cash flow reaches $2,066/yr on $87,848 to close, and return on cash invested stands at 22.26% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 116.24% and total cumulative return in cash at $102,111. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,961/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48423, Davison, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,406 (100%) |
| Owner Occupied HU | 10,191 (66.1%) |
| Renter Occupied HU | 4,466 (29.0%) |
| Vacant Housing Units | 749 ( 4.9%) |
| Median Home Value | $235,172 |
| Average Home Value | $262,027 |
Housing Distribution
Address Breakdown
Residential
15,373
Single Family
12,694
Multi-Family
2,679
Businesses
645
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Listed by: Lisa Brotherton • REMAX Town & Country
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50180933
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