611 Railroad AveNorwayMI49870
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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 Norway at 611 Railroad Ave, Norway, MI, 49870 at $175,000 posts ROI 24.74% with $234/mo cash flow from $1,388/mo rent. Total monthly income equals $1,388/mo, and annual cash flow records $2,802/yr on $58,013 to close. Return on cash invested measures 24.74% and rental yield reads 9.52% at the current $175,000. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 by year five. Five-year ROI prints 129.34% and total cumulative return in cash totals $75,031.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,388/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1895
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49870, Norway, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,591 (100%) |
| Owner Occupied HU | 1,119 (70.3%) |
| Renter Occupied HU | 315 (19.8%) |
| Vacant Housing Units | 157 ( 9.9%) |
| Median Home Value | $161,773 |
| Average Home Value | $196,988 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,397
Multi-Family
84
Businesses
136
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