18476 Dunecrest Dr UNIT 19New 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 18476 Dunecrest Dr UNIT 19, New Buffalo, MI, 49117 earns $566/mo cash flow from $6,002/mo rent with a $3,500/mo payment. Total monthly income totals $6,002/mo, and annual cash flow totals $6,786/yr on $235,235 capital. ROI tracks 22.95% on current figures, and rental yield reads 10.07% at a $715,000 purchase. Equity gained on principal adds $4,614/yr, and 5% annual appreciation supports $197,541 over five years. Five-year ROI reaches 120.96% and total cumulative return in cash sums $284,541. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,002/mo property income instead of your personal income.
Condo
Built in 1993
871.20 sqft lot
$N/A/sqft
$721 monthly 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: Traci S Lauricella • RE/MAX Harbor Country @ New Buffalo
Mls Name: MichRIC
Mls Provider:
Mls ID: #24047867
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.