120 N Barton St #BNew 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 120 N Barton St #B, New Buffalo, MI, 49117 uses $262,871 cash to close to unlock $3,212/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $5,537/mo, and a $3,911/mo payment keeps the spread at $268/mo. Purchase price stands at $799,000, and rental yield measures 8.32% with $5,537/mo rent. Return on cash invested shows 21.28% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 110.71% and total cumulative return in cash records $291,018. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,537/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Condo
Built in 2020
0.40 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: Molly Nate • Century 21 Affiliated
Mls Name: MichRIC
Mls ID: #25055900