9640 S Thornapple AveNewaygoMI49337
Nearby investment properties with comparable rents
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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 Newaygo at 9640 S Thornapple Ave, Newaygo, MI, 49337 uses $53,007 cash to close to unlock $1,898/yr annual cash flow and $158/mo monthly cash flow. Total monthly income runs $1,213/mo, and a $783/mo payment keeps the spread at $158/mo. Purchase price stands at $159,900, and rental yield measures 9.1% with $1,213/mo rent. Return on cash invested shows 23.49% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 122.64% and total cumulative return in cash records $65,010. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,213/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in N/A
1.79 Acres 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
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