1603 E Detroit St, New Buffalo, MI, 49117 | $669/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Buffalo at 1603 E Detroit St, New Buffalo, MI, 49117 offers $2,647/mo rent that, after a $1,468/mo payment, leaves $669/mo cash flow. Total monthly income is $2,647/mo, and annual cash flow is $8,028/yr on $99,450 cash. Return on cash invested measures 27.98% in year one, and rental yield stands at 10.59% at a $299,999 entry. Equity gained on principal adds $1,936/yr while 5% annual appreciation compounds into $82,884 by year five. Five-year ROI records 146.65% and total cumulative return in cash reaches $145,848. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,647/mo property income versus a $1,468/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

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