4012 Old Engadine RdNewberryMI49868
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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
Rental property for sale in Newberry at 4012 Old Engadine Rd, Newberry, MI, 49868 generates $0/mo in rent, after a $734/mo payment. Total monthly income is $0/mo. Return on cash invested sits at -3.97% in year one, and rental yield is 0% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $0/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
4.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49868, Newberry, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 1,452 (49.6%) |
| Renter Occupied HU | 404 (13.8%) |
| Vacant Housing Units | 1,070 (36.6%) |
| Median Home Value | $117,892 |
| Average Home Value | $180,358 |
Housing Distribution
Address Breakdown
Residential
1,655
Single Family
1,595
Multi-Family
60
Businesses
233
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Laura Plesscher • State Wide Real Estate of Curtis
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-866
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.