222 S Whittaker St APT BNew 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 222 S Whittaker St APT B, New Buffalo, MI, 49117 with 5% annual appreciation on a $780,000 basis while $3,884/mo rent supports operations. 1% in year one. Equity gained on principal adds $5,033/yr, and five-year appreciation sums $215,500 alongside rental yield of 5.98%. Five-year ROI measures 62.22% and total cumulative return in cash totals $159,664. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,884/mo property income versus a $3,818/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2003
8.87 Acres lot
$N/A/sqft
$1,327 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Traci S Lauricella • RE/MAX Harbor Country @ New Buffalo
Mls Name: MichRIC
Mls Provider:
Mls ID: #24051403
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.