209 Newton StChanningMI49802
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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 Channing at 209 Newton St, Channing, MI, 49802 uses $38,123 cash to close to unlock $11,034/yr annual cash flow and $920/mo monthly cash flow. Total monthly income runs $1,678/mo, and a $563/mo payment keeps the spread at $920/mo. Purchase price stands at $115,000, and rental yield measures 17.51% with $1,678/mo rent. Return on cash invested shows 48.85% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 258.67% and total cumulative return in cash records $98,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,678/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1924
0.29 Acres lot
$N/A/sqft
No HOA
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Listed by: CARRIE TORETTA-PARTELLO • COLDWELL BANKER REAL ESTATE GROUP
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50174643
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