116 N Smith StNew BuffaloMI49117
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in New Buffalo at 116 N Smith St, New Buffalo, MI, 49117 projects strong ROI of 0.43%. Rental yield 1.64%. With 5% annual appreciation, the property builds $759,774 in value over five years. Equity growth combined delivers a projected five-year ROI of 15.67%, translating into $121,744 in total cumulative return on $776,875 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.6% | 6.0% |
| Monthly Cash Flow | $(14,387) | $350 |
City averages based on New Buffalo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,748 |
| Total Monthly Debt Service | $17,041 |
| DSCR Ratio | 0.22x |
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.
Single Family
Built in 1862
0.53 Acres 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
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
Single Family
Built in 1862
0.53 Acres 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: Klaus Nyman • @properties Christie's International R.E.
Mls Name: MichRIC
Mls ID: #25040201