226 S Barker StNew 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 226 S Barker St, New Buffalo, MI, 49117 earns from $2,209/mo rent with a $1,958/mo payment. Total monthly income totals $2,209/mo. ROI tracks 16.03% on current figures, and rental yield reads 6.63% at a $399,999 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,512 over five years. Five-year ROI reaches 82.54% and total cumulative return in cash sums $109,443. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,209/mo property income instead of your personal income.
Home Type Unknown
Built in 1951
8,189 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A