N13515 Newberg RdChanningMI49815
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingN13515 Newberg Rd, Channing, MI, 49815 in Channing is a stable, well-positioned rental at $265,000. Rental yield 6.21%. DSCR 1.15 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $73,215 in value and $2,441/yr in principal paydown builds equity, a total projected return of $76,663.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.5% |
| Monthly Cash Flow | $(377) | $550 |
City averages based on Channing market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,370 |
| Total Monthly Debt Service | $1,642 |
| DSCR Ratio | 0.83x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices