1178 Cherry DrSouth HavenMI49090
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 1178 Cherry Dr, South Haven, MI, 49090 in South Haven. Rental yield 3.26%. At $799,900 with 3.26% gross yield, current distributions are modest, but the 5% appreciation rate projects $220,998 in new equity by year five, complemented by $7,367/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.60) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $93,550.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.3% | 7.0% |
| Monthly Cash Flow | $(3,294) | $800 |
City averages based on South Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,171 |
| Total Monthly Debt Service | $5,147 |
| DSCR Ratio | 0.42x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1961
0.30 Acres lot
$N/A/sqft
$300 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1961
0.30 Acres lot
$N/A/sqft
$300 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel L DeVol • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #25048794
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.