121 S Barker StNew BuffaloMI49117
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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
Investment property for sale in New Buffalo at 121 S Barker St, New Buffalo, MI, 49117 with 5% annual appreciation on a $524,900 basis while $4,861/mo rent supports operations. Total monthly income totals $4,861/mo and a $2,569/mo payment preserves $1,400/mo for cash returns. Annual cash flow comes to $16,796/yr on $172,692 deployed, and return on cash invested reaches 29.79% in year one. Equity gained on principal adds $3,387/yr, and five-year appreciation sums $145,020 alongside rental yield of 11.11%. Five-year ROI measures 156.31% and total cumulative return in cash totals $269,929.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,861/mo property income versus a $2,569/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1915
8,712 sqft 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
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Listed by: James Garrison • Keller Williams Realty SWM
Mls Name: MichRIC
Mls ID: #26001925