2137 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 2137 E Oak St, Newaygo, MI, 49337 uses $56,024 cash to close to unlock $2,756/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $827/mo payment keeps the spread at $230/mo. Purchase price stands at $169,000, and rental yield measures 9.54% with $1,344/mo rent. Return on cash invested shows 24.83% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 129.77% and total cumulative return in cash records $72,703. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1950
8,712 sqft 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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