5892 S Carrigan DrNewaygoMI49337
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.66% gross rental yield, 5892 S Carrigan Dr, Newaygo, MI, 49337 in Newaygo is priced for capital growth, not immediate cash flow. The $479,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $132,588 by year five, with $4,420/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.68) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $73,347.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.5% |
| Monthly Cash Flow | $(1,702) | $400 |
City averages based on Newaygo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,463 |
| Total Monthly Debt Service | $2,974 |
| DSCR Ratio | 0.49x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2001
3.25 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
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 2001
3.25 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices