217 Newberry LnHowellMI48843
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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 Howell at 217 Newberry Ln, Howell, MI, 48843 offers a 10.91% rental yield on a $297,500 purchase with $2,704/mo rent. Total monthly income registers $2,704/mo, and a $1,456/mo payment leaves $402/mo available for distribution. Annual cash flow reaches $4,827/yr on $98,621 to close, and return on cash invested stands at 24.8% in year one. Equity gained on principal adds $1,920/yr while 5% annual appreciation supports $82,194 over five years. Portfolio math shows five-year ROI at 131.16% and total cumulative return in cash at $129,355. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,704/mo property income against a $1,456/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
N/A lot
$N/A/sqft
$340 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48843, Howell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,156 (100%) |
| Owner Occupied HU | 15,805 (78.4%) |
| Renter Occupied HU | 3,715 (18.4%) |
| Vacant Housing Units | 636 ( 3.2%) |
| Median Home Value | $367,579 |
| Average Home Value | $397,756 |
Housing Distribution
Address Breakdown
Residential
19,681
Single Family
18,246
Multi-Family
1,435
Businesses
1,098
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Listed by: Tim Campbell • Real Estate One-Brighton
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240069312
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-11-19 22:45:30 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702