4384 Newark RdAtticaMI48412
INVESTMENT ANALYSIS
Investment Verdict
Solid Income4384 Newark Rd, Attica, MI, 48412 in Attica is a solid income-producing rental, 9.79% gross yield, $2,120/mo rent, $406/mo net cash flow on a $259,900 buy. DSCR 1.81 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $71,806 and $2,394/yr in principal reduction project a total cumulative return of $125,160.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 8.0% |
| Monthly Cash Flow | $406 | $350 |
City averages based on Attica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,120 |
| Total Monthly Debt Service | $1,611 |
| DSCR Ratio | 1.32x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
10.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48412, Attica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,208 (85.0%) |
| Renter Occupied HU | 148 ( 5.7%) |
| Vacant Housing Units | 242 ( 9.3%) |
| Median Home Value | $261,806 |
| Average Home Value | $288,560 |
Housing Distribution
Address Breakdown
Residential
2,344
Single Family
2,344
Multi-Family
0
Businesses
71
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
Single Family
Built in 1955
10.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48412, Attica, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,208 (85.0%) |
| Renter Occupied HU | 148 ( 5.7%) |
| Vacant Housing Units | 242 ( 9.3%) |
| Median Home Value | $261,806 |
| Average Home Value | $288,560 |
Housing Distribution
Address Breakdown
Residential
2,344
Single Family
2,344
Multi-Family
0
Businesses
71
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices