8070 Hunters Ridge DrNewportMI48166
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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
Rental property for sale in Newport at 8070 Hunters Ridge Dr, Newport, MI, 48166 priced at $790,000 converts $3,437/mo rent into after a $3,867/mo obligation. Total monthly income equals $3,437/mo. Return on cash invested prints 11.55% in year one, and rental yield reads 5.22% against a $790,000 entry. Equity gained on principal adds $5,098/yr, while 5% annual appreciation compiles into $218,262 by year five. Five-year ROI reaches 58.64% and total cumulative return in cash sums $152,400. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,437/mo property income covering a $3,867/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.45 Acres lot
$N/A/sqft
$850 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48166, Newport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,410 (100%) |
| Owner Occupied HU | 4,164 (77.0%) |
| Renter Occupied HU | 1,007 (18.6%) |
| Vacant Housing Units | 239 ( 4.4%) |
| Median Home Value | $263,468 |
| Average Home Value | $257,188 |
Housing Distribution
Address Breakdown
Residential
5,226
Single Family
4,686
Multi-Family
540
Businesses
135
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