48102 W McKean DrNew 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
Investment property for sale in New Buffalo at 48102 W McKean Dr, New Buffalo, MI, 49117 earns $874/mo cash flow from $6,644/mo rent with a $4,283/mo payment. Total monthly income totals $6,644/mo, and annual cash flow totals $10,482/yr on $287,875 capital. ROI tracks 23.7% on current figures, and rental yield reads 9.11% at a $875,000 purchase. Equity gained on principal adds $5,646/yr, and 5% annual appreciation supports $241,746 over five years. Five-year ROI reaches 123.68% and total cumulative return in cash sums $356,051. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $6,644/mo property income instead of your personal income.
Single Family
Built in 1960
0.43 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: Daren Huber • Coldwell Banker Realty
Mls Name: MichRIC
Mls ID: #25057157