8658 S Newbern AveIdlewildMI49642
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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
Investment property for sale in Idlewild at 8658 S Newbern Ave, Idlewild, MI, 49642 with 5% annual appreciation on a $146,000 basis while $1,332/mo rent supports operations. Total monthly income totals $1,332/mo and a $715/mo payment preserves $369/mo for cash returns. Annual cash flow comes to $4,426/yr on $48,399 deployed, and return on cash invested reaches 29.05% in year one. Equity gained on principal adds $942/yr, and five-year appreciation sums $40,337 alongside rental yield of 10.95%. Five-year ROI measures 152.45% and total cumulative return in cash totals $73,786.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,332/mo property income versus a $715/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2007
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49642, Idlewild, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,183 (100%) |
| Owner Occupied HU | 341 (28.8%) |
| Renter Occupied HU | 103 ( 8.7%) |
| Vacant Housing Units | 739 (62.5%) |
| Median Home Value | $156,786 |
| Average Home Value | $200,029 |
Housing Distribution
Address Breakdown
Residential
385
Single Family
362
Multi-Family
23
Businesses
24
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