1 Marine Dr #1 & 3, Michigan City, IN, 46360 | 3.81% Rental Yield

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Michigan City at 1 Marine Dr #1 & 3, Michigan City, IN, 46360 listed at $1,031,100 pairs $3,275/mo rent with a $5,047/mo payment. Total monthly income runs $3,275/mo. Return on cash invested measures 7.95% in year one, and rental yield registers 3.81% at a $1,031,100 basis. Equity gained on principal adds $6,654/yr, and annual property appreciation at 5% supports $284,874 by year five. Five-year ROI tracks 39.06% and total cumulative return in cash totals $130,488. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,275/mo property income relative to a $5,047/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1984

N/A lot

$N/A/sqft

$6,520 annually HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	21,591 (100%)
Owner Occupied HU	11,713 (54.2%)
Renter Occupied HU	6,451 (29.9%)
Vacant Housing Units	3,427 (15.9%)
Median Home Value	$182,550
Average Home Value	$260,534