7699 Old Grade RdNewberryMI49868
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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 7699 Old Grade Rd, Newberry, MI, 49868 earns $976/mo cash flow from $2,064/mo rent with a $808/mo payment. Total monthly income totals $2,064/mo, and annual cash flow totals $11,706/yr on $54,698 capital. ROI tracks 41.31% on current figures, and rental yield reads 15.01% at a $165,000 purchase. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 over five years. Five-year ROI reaches 218.16% and total cumulative return in cash sums $119,327. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,064/mo property income instead of your personal income.
Single Family
Built in 1997
50 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: Marissa Metcalf • Cummings-McCraney
Mls Name: EUPBR
Mls Provider:
Mls ID: #24-862
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.