44 E 68th StNewaygoMI49337
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 Newaygo at 44 E 68th St, Newaygo, MI, 49337 generates $2,065/mo in rent and, after a $1,205/mo payment, leaves $441/mo in cash flow. Total monthly income is $2,065/mo, and annual cash flow is $5,298/yr on $81,615 invested. Return on cash invested sits at 26.4% in year one, and rental yield is 10.06% on a $246,200 entry. Equity gained on principal adds $1,589/yr, while 5% annual appreciation builds toward $68,021 over five years. Five-year ROI reaches 138.22% and total cumulative return in cash sums $112,805. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,065/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.35 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices