503 Oak StNorwayMI49870
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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
Investment property for sale in Norway at 503 Oak St, Norway, MI, 49870 with 5% annual appreciation on a $174,900 basis while $1,395/mo rent supports operations. Total monthly income totals $1,395/mo and a $856/mo payment preserves $242/mo for cash returns. Annual cash flow comes to $2,900/yr on $57,979 deployed, and return on cash invested reaches 24.91% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,322 alongside rental yield of 9.57%. Five-year ROI measures 130.22% and total cumulative return in cash totals $75,504.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,395/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.25 Acres 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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