14367 Elm CtNew 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 14367 Elm Ct, New Buffalo, MI, 49117 earns $1,211/mo cash flow from $6,828/mo rent with a $4,160/mo payment. Total monthly income totals $6,828/mo, and annual cash flow totals $14,526/yr on $279,650 capital. ROI tracks 25.25% on current figures, and rental yield reads 9.64% at a $850,000 purchase. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 over five years. Five-year ROI reaches 132.03% and total cumulative return in cash sums $369,214. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,828/mo property income instead of your personal income.
Single Family
Built in 2003
0.59 Acres lot
$N/A/sqft
$150 annually 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: Kurt E Hauseman • Lake Homes Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24029780
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.