9447 Olde Hickory LnNewportMI48166
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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
Total monthly income runs $2,419/mo, and a $1,958/mo payment. Purchase price stands at $400,000, and rental yield measures 7.26% with $2,419/mo rent. Return on cash invested shows 17.47% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 90.47% and total cumulative return in cash records $119,968. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,419/mo property income covering a $1,958/mo payment rather than investor’s personal income.
Single Family
Built in 2015
9,583 sqft lot
$N/A/sqft
$600 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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Listed by: Peter Perna • Wiens And Roth Real Estate - Lambertville
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50179202
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