607 E Clay StNew 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 607 E Clay St, New Buffalo, MI, 49117 offers $2,400/mo rent that, after a $2,496/mo payment. Total monthly income is $2,400/mo. Return on cash invested measures 13.17% in year one, and rental yield stands at 5.65% at a $510,000 entry. Equity gained on principal adds $3,291/yr while 5% annual appreciation compounds into $140,904 by year five. Five-year ROI records 67.21% and total cumulative return in cash reaches $112,779. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,400/mo property income versus a $2,496/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.41 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: Keith Claunch • Coldwell Banker Realty
Mls Name: MichRIC
Mls ID: #25048184