234 Mary StNewaygoMI49337
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Nearby investment properties with comparable prices
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
Rental property for sale in Newaygo at 234 Mary St, Newaygo, MI, 49337 priced at $142,000 pairs $1,089/mo rent with $153/mo cash flow after a $695/mo payment. Total monthly income equals $1,089/mo, and annual cash flow comes to $1,831/yr on $47,073 invested. Return on cash invested is 23.8% in year one, and rental yield stands at 9.2% on a $142,000 basis. Equity gained on principal adds $916/yr, and 5% annual appreciation accumulates to $39,232 by year five. Five-year ROI measures 124.28% and total cumulative return in cash reaches $58,502. For financing, Ziffy Mortgage’s DSCR program evaluates $1,089/mo property income against a $695/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.47 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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