5179 E Manitou WayNewaygoMI49337
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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 Newaygo at 5179 E Manitou Way, Newaygo, MI, 49337 at $689,900 posts ROI 2.56% with from $1,740/mo rent. Total monthly income equals $1,740/mo. Return on cash invested measures 2.56% and rental yield reads 3.03% at the current $689,900. Equity gained on principal adds $4,452/yr, and 5% annual appreciation supports $190,607 by year five. Five-year ROI prints 11.29% and total cumulative return in cash totals $25,633. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,740/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
0.32 Acres lot
$N/A/sqft
$500 monthly 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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