4241 C AveNewportMI48166
Nearby investment properties with comparable rents
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 Newport at 4241 C Ave, Newport, MI, 48166 priced at $207,500 converts $1,970/mo rent into $592/mo cash flow after a $1,016/mo obligation. Total monthly income equals $1,970/mo, and annual cash flow totals $7,102/yr on $68,786 invested. Return on cash invested prints 30.23% in year one, and rental yield reads 11.39% against a $207,500 entry. Equity gained on principal adds $1,339/yr, while 5% annual appreciation compiles into $57,328 by year five. Five-year ROI reaches 158.8% and total cumulative return in cash sums $109,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,970/mo property income covering a $1,016/mo payment, not borrower’s personal income.
Single Family
Built in 2014
6,098 sqft lot
$N/A/sqft
$113 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48166, Newport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,410 (100%) |
| Owner Occupied HU | 4,164 (77.0%) |
| Renter Occupied HU | 1,007 (18.6%) |
| Vacant Housing Units | 239 ( 4.4%) |
| Median Home Value | $263,468 |
| Average Home Value | $257,188 |
Housing Distribution
Address Breakdown
Residential
5,226
Single Family
4,686
Multi-Family
540
Businesses
135
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Listed by: Annette Perna-Taormina • Gerweck Real Estate in Monroe
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50173299
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