4117 Lake Shore DrNew 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 4117 Lake Shore Dr, New Buffalo, MI, 49117 priced at $1,325,000 pairs $2,465/mo rent with after a $6,485/mo payment. Total monthly income equals $2,465/mo. Return on cash invested is 2.84% in year one, and rental yield stands at 2.23% on a $1,325,000 basis. Equity gained on principal adds $8,550/yr, and 5% annual appreciation accumulates to $366,073 by year five. Five-year ROI measures 11.74% and total cumulative return in cash reaches $50,404. For financing, Ziffy Mortgage’s DSCR program evaluates $2,465/mo property income against a $6,485/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1930
0.45 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: ChooseChad Team • Coldwell Banker Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016668
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.