N13515 Newberg RdChanningMI49815
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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 Channing at N13515 Newberg Rd, Channing, MI, 49815 offers a 6.2% rental yield on a $265,000 purchase with $1,370/mo rent. 75% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 75.75% and total cumulative return in cash at $66,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,370/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1998
16.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49815, Channing, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 426 (100%) |
| Owner Occupied HU | 194 (45.5%) |
| Renter Occupied HU | 11 ( 2.6%) |
| Vacant Housing Units | 221 (51.9%) |
| Median Home Value | $238,462 |
| Average Home Value | $274,278 |
Housing Distribution
Address Breakdown
Residential
176
Single Family
176
Multi-Family
0
Businesses
13
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