49201 Howard 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 $2,400/mo, and a $6,975/mo payment. Purchase price stands at $1,425,000, and rental yield measures 2.02% with $2,400/mo rent. Return on cash invested shows 2.18% in year one, and 5% annual appreciation builds toward $393,701 over five years. Five-year ROI reaches 8.23% and total cumulative return in cash records $38,012. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $6,975/mo payment rather than investor’s personal income.
Single Family
Built in 2003
0.49 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: Rob Gow • Berkshire Hathaway HomeServices Chicago
Mls Name: MichRIC
Mls Provider:
Mls ID: #24047313
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.