515 W Brooks StNewaygoMI49337
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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 Newaygo at 515 W Brooks St, Newaygo, MI, 49337 listed at $289,000 pairs $3,490/mo rent with a $1,415/mo payment to leave $1,584/mo cash flow. Total monthly income runs $3,490/mo, and annual cash flow reaches $19,004/yr on $95,804 cash to close. Return on cash invested measures 39.75% in year one, and rental yield registers 14.49% at a $289,000 basis. Equity gained on principal adds $1,865/yr, and annual property appreciation at 5% supports $79,845 by year five. Five-year ROI tracks 209.76% and total cumulative return in cash totals $200,954. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,490/mo property income relative to a $1,415/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1921
1.06 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
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