5193 N County Road 403NewberryMI49868
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 5193 N County Road 403, Newberry, MI, 49868 in Newberry: $1,291/mo in rent, $335/mo in net income, 10.69% gross yield, 1.98 DSCR, all at $145,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $40,061 in appreciation and $1,335/yr in principal paydown projects total cumulative return of $76,798.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 7.0% |
| Monthly Cash Flow | $335 | $400 |
City averages based on Newberry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,291 |
| Total Monthly Debt Service | $899 |
| DSCR Ratio | 1.44x |
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 1970
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49868, Newberry, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 1,452 (49.6%) |
| Renter Occupied HU | 404 (13.8%) |
| Vacant Housing Units | 1,070 (36.6%) |
| Median Home Value | $117,892 |
| Average Home Value | $180,358 |
Housing Distribution
Address Breakdown
Residential
1,655
Single Family
1,595
Multi-Family
60
Businesses
233
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 1970
1.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49868, Newberry, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,926 (100%) |
| Owner Occupied HU | 1,452 (49.6%) |
| Renter Occupied HU | 404 (13.8%) |
| Vacant Housing Units | 1,070 (36.6%) |
| Median Home Value | $117,892 |
| Average Home Value | $180,358 |
Housing Distribution
Address Breakdown
Residential
1,655
Single Family
1,595
Multi-Family
60
Businesses
233
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Robert Napoletano • CENTURY 21 Advantage Plus
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-1043
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.