18485 Dunecrest Dr UNIT 25New 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 18485 Dunecrest Dr UNIT 25, New Buffalo, MI, 49117 earns from $3,227/mo rent with a $2,834/mo payment. Total monthly income totals $3,227/mo. ROI tracks 11.79% on current figures, and rental yield reads 6.69% at a $579,000 purchase. Equity gained on principal adds $3,736/yr, and 5% annual appreciation supports $159,967 over five years. Five-year ROI reaches 61.47% and total cumulative return in cash sums $117,103. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,227/mo property income instead of your personal income.
Condo
Built in 1993
N/A 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: Cathy Smith • Cathy Smith Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #24039626
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.