522 E McMillan AveNewberryMI49868
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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 Newberry at 522 E McMillan Ave, Newberry, MI, 49868 uses $41,438 cash to close to unlock $3,978/yr annual cash flow and $332/mo monthly cash flow. Total monthly income runs $1,156/mo, and a $612/mo payment keeps the spread at $332/mo. Purchase price stands at $125,000, and rental yield measures 11.1% with $1,156/mo rent. Return on cash invested shows 29.51% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 154.92% and total cumulative return in cash records $64,193. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,156/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.37 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
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Listed by: Betsy Pollaski • Key Realty One
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-1100
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.