7615 S Croton Hardy DrNewaygoMI49337
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
Investment Highlights
Rental property for sale in Newaygo at 7615 S Croton Hardy Dr, Newaygo, MI, 49337 priced at $249,900 converts $2,296/mo rent into $648/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,296/mo, and annual cash flow totals $7,778/yr on $82,842 invested. Return on cash invested prints 29.3% in year one, and rental yield reads 11.03% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 153.78% and total cumulative return in cash sums $127,394. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,296/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Manufactured
Built in 1968
8,276 sqft 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
