Newaygo RdCasnoviaMI49318
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
Investment Highlights
Investment property for sale in Casnovia at Newaygo Rd, Casnovia, MI, 49318 uses $39,747 cash to close to unlock $8,054/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $587/mo payment keeps the spread at $671/mo. Purchase price stands at $119,900, and rental yield measures 14.63% with $1,462/mo rent. Return on cash invested shows 40.17% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 212.15% and total cumulative return in cash records $84,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $587/mo payment rather than investor’s personal income.
Lot
Built in N/A
3.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49318, Casnovia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 578 (82.2%) |
| Renter Occupied HU | 71 (10.1%) |
| Vacant Housing Units | 54 ( 7.7%) |
| Median Home Value | $269,068 |
| Average Home Value | $316,514 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
29
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