31 Mohawk TrlNew 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 31 Mohawk Trl, New Buffalo, MI, 49117 priced at $679,000 converts $3,038/mo rent into after a $3,323/mo obligation. Total monthly income equals $3,038/mo. Return on cash invested prints 12.33% in year one, and rental yield reads 5.37% against a $679,000 entry. Equity gained on principal adds $4,381/yr, while 5% annual appreciation compiles into $187,595 by year five. Five-year ROI reaches 62.69% and total cumulative return in cash sums $140,039. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,038/mo property income covering a $3,323/mo payment, not borrower’s personal income.
Single Family
Built in 1938
0.34 Acres 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: Erica Johnson • Keller Williams Realty SWM
Mls Name: MichRIC
Mls Provider:
Mls ID: #25025007
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.