5230 E Newburg RdDurandMI48429
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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 Durand at 5230 E Newburg Rd, Durand, MI, 48429 uses $41,438 cash to close to unlock $1,938/yr annual cash flow and $162/mo monthly cash flow. Total monthly income runs $986/mo, and a $612/mo payment keeps the spread at $162/mo. Purchase price stands at $125,000, and rental yield measures 9.47% with $986/mo rent. Return on cash invested shows 24.59% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 128.5% and total cumulative return in cash records $53,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $986/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.83 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48429, Durand, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,085 (100%) |
| Owner Occupied HU | 3,038 (74.4%) |
| Renter Occupied HU | 814 (19.9%) |
| Vacant Housing Units | 233 ( 5.7%) |
| Median Home Value | $171,859 |
| Average Home Value | $202,854 |
Housing Distribution
Address Breakdown
Residential
3,836
Single Family
3,662
Multi-Family
174
Businesses
195
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