19670 Catalpa DrNew 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 19670 Catalpa Dr, New Buffalo, MI, 49117 earns $1,648/mo cash flow from $5,242/mo rent with a $2,668/mo payment. Total monthly income totals $5,242/mo, and annual cash flow totals $19,770/yr on $179,305 capital. ROI tracks 31.09% on current figures, and rental yield reads 11.54% at a $545,000 purchase. Equity gained on principal adds $3,517/yr, and 5% annual appreciation supports $150,573 over five years. Five-year ROI reaches 163.28% and total cumulative return in cash sums $292,776. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,242/mo property income instead of your personal income.
Single Family
Built in 1972
N/A 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 |
Housing Distribution
Address Breakdown
Residential
2,499
Single Family
2,495
Multi-Family
4
Businesses
315
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Listed by: Elizabeth Roch • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24032715
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.