1053 E Empire AveBenton HarborMI49022
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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 Benton Harbor at 1053 E Empire Ave, Benton Harbor, MI, 49022 uses $43,062 cash to close to unlock $4,874/yr annual cash flow and $406/mo monthly cash flow. Total monthly income runs $1,263/mo, and a $636/mo payment keeps the spread at $406/mo. Purchase price stands at $129,900, and rental yield measures 11.67% with $1,263/mo rent. Return on cash invested shows 31.23% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 164.15% and total cumulative return in cash records $70,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,263/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1939
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49022, Benton Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,018 (100%) |
| Owner Occupied HU | 7,228 (51.6%) |
| Renter Occupied HU | 5,089 (36.3%) |
| Vacant Housing Units | 1,701 (12.1%) |
| Median Home Value | $200,743 |
| Average Home Value | $271,485 |
Housing Distribution
Address Breakdown
Residential
13,082
Single Family
11,575
Multi-Family
1,507
Businesses
1,037
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Listed by: Jacob Day • Keller Williams Realty SWM
Mls Name: MichRIC
Mls ID: #25059731