The Newport Plan, Thomas FarmsDewittMI48820
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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
Rental property for sale in Dewitt at The Newport Plan, Thomas Farms, Dewitt, MI, 48820 offers $5,849/mo rent that, after a $2,320/mo payment, leaves $2,723/mo cash flow. Total monthly income is $5,849/mo, and annual cash flow is $32,678/yr on $157,131 cash. Return on cash invested measures 40.71% in year one, and rental yield stands at 14.81% at a $474,000 entry. Equity gained on principal adds $3,059/yr while 5% annual appreciation compounds into $130,957 by year five. Five-year ROI records 214.92% and total cumulative return in cash reaches $337,709. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,849/mo property income versus a $2,320/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48820, Dewitt, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,301 (100%) |
| Owner Occupied HU | 5,996 (82.1%) |
| Renter Occupied HU | 1,100 (15.1%) |
| Vacant Housing Units | 205 ( 2.8%) |
| Median Home Value | $350,447 |
| Average Home Value | $373,130 |
Housing Distribution
Address Breakdown
Residential
7,660
Single Family
6,974
Multi-Family
686
Businesses
447
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