225 N Whittaker St #7&8New 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 225 N Whittaker St #7&8, New Buffalo, MI, 49117 generates $2,400/mo in rent, after a $5,281/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at -0.02% in year one, and rental yield is 2.67% on a $1,079,000 entry. Equity gained on principal adds $6,963/yr, while 5% annual appreciation builds toward $298,108 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Condo
Built in 2005
2.28 Acres lot
$N/A/sqft
$3,671 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: Erica Johnson • Keller Williams Realty SWM
Mls Name: MichRIC
Mls Provider:
Mls ID: #25023388
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.