46308 Royal AveNew 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
Total monthly income runs $5,759/mo, and a $6,358/mo payment. Purchase price stands at $1,299,000, and rental yield measures 5.32% with $5,759/mo rent. Return on cash invested shows 12.37% in year one, and 5% annual appreciation builds toward $358,890 over five years. Five-year ROI reaches 62.84% and total cumulative return in cash records $264,469. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,759/mo property income covering a $6,358/mo payment rather than investor’s personal income.
Single Family
Built in 1978
1.52 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: John B Larkin • Keller Williams Realty SWM
Mls Name: MichRIC
Mls ID: #25058457