425 Mine StNORWAYMI49870
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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 NORWAY at 425 Mine St, NORWAY, MI, 49870 at $260,000 posts ROI 13.59% with from $1,261/mo rent. Total monthly income equals $1,261/mo. Return on cash invested measures 13.59% and rental yield reads 5.82% at the current $260,000. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,833 by year five. Five-year ROI prints 69.47% and total cumulative return in cash totals $59,873. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,261/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1941
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49870, Norway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,591 (100%) |
| Owner Occupied HU | 1,119 (70.3%) |
| Renter Occupied HU | 315 (19.8%) |
| Vacant Housing Units | 157 ( 9.9%) |
| Median Home Value | $161,773 |
| Average Home Value | $196,988 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,397
Multi-Family
84
Businesses
136
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