1000 W Buffalo St #30New BuffaloMI49117
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 New Buffalo at 1000 W Buffalo St #30, New Buffalo, MI, 49117 earns $648/mo cash flow from $2,956/mo rent with a $1,713/mo payment. Total monthly income totals $2,956/mo, and annual cash flow totals $7,778/yr on $115,992 capital. ROI tracks 26.61% on current figures, and rental yield reads 10.14% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 139.36% and total cumulative return in cash sums $161,646. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,956/mo property income instead of your personal income.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49117, New Buffalo, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,714 (100%) |
| Owner Occupied HU | 1,448 (39.0%) |
| Renter Occupied HU | 312 ( 8.4%) |
| Vacant Housing Units | 1,954 (52.6%) |
| Median Home Value | $451,934 |
| Average Home Value | $642,089 |
Housing Distribution
Address Breakdown
Residential
2,499
Single Family
2,495
Multi-Family
4
Businesses
315
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ChooseChad Team • Coldwell Banker Realty
Mls Name: MichRIC
Mls ID: #25043047