18774 Old Field RdNew 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
Rental property for sale in New Buffalo at 18774 Old Field Rd, New Buffalo, MI, 49117 generates $3,644/mo in rent, after a $3,304/mo payment. Total monthly income is $3,644/mo. Return on cash invested sits at 14.72% in year one, and rental yield is 6.48% on a $675,000 entry. Equity gained on principal adds $4,356/yr, while 5% annual appreciation builds toward $186,490 over five years. Five-year ROI reaches 75.91% and total cumulative return in cash sums $168,567. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,644/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
0.34 Acres lot
$N/A/sqft
$540 quarterly 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: #25025226
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.