2031 E Oak StNewaygoMI49337
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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 Newaygo at 2031 E Oak St, Newaygo, MI, 49337 earns $512/mo cash flow from $1,590/mo rent with a $800/mo payment. Total monthly income totals $1,590/mo, and annual cash flow totals $6,144/yr on $54,200 capital. ROI tracks 31.25% on current figures, and rental yield reads 11.67% at a $163,500 purchase. Equity gained on principal adds $1,055/yr, and 5% annual appreciation supports $45,172 over five years. Five-year ROI reaches 164.27% and total cumulative return in cash sums $89,036. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,590/mo property income instead of your personal income.
Single Family
Built in N/A
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49337, Newaygo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,955 (100%) |
| Owner Occupied HU | 4,674 (67.2%) |
| Renter Occupied HU | 753 (10.8%) |
| Vacant Housing Units | 1,528 (22.0%) |
| Median Home Value | $229,345 |
| Average Home Value | $259,481 |
Housing Distribution
Address Breakdown
Residential
5,800
Single Family
5,604
Multi-Family
196
Businesses
310
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