214 Marx 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
Rental property for sale in New Buffalo at 214 Marx Dr, New Buffalo, MI, 49117 priced at $846,500 pairs $7,826/mo rent with $2,238/mo cash flow after a $4,143/mo payment. Total monthly income equals $7,826/mo, and annual cash flow comes to $26,852/yr on $278,499 invested. Return on cash invested is 29.7% in year one, and rental yield stands at 11.09% on a $846,500 basis. Equity gained on principal adds $5,462/yr, and 5% annual appreciation accumulates to $233,872 by year five. Five-year ROI measures 155.87% and total cumulative return in cash reaches $434,091. For financing, Ziffy Mortgage’s DSCR program evaluates $7,826/mo property income against a $4,143/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2019
0.31 Acres lot
$N/A/sqft
$75 annually 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: Maggie Olson • Cressy & Everett R.E. of Harbor Country
Mls Name: MichRIC
Mls Provider:
Mls ID: #25035642
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.