144 Downey DrBenton 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 144 Downey Dr, Benton Harbor, MI, 49022 earns $170/mo cash flow from $1,950/mo rent with a $1,321/mo payment. Total monthly income totals $1,950/mo, and annual cash flow totals $2,042/yr on $89,472 capital. ROI tracks 22.19% on current figures, and rental yield reads 8.67% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 115.66% and total cumulative return in cash sums $103,482. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,950/mo property income instead of your personal income.
Single Family
Built in 1956
10,454 sqft 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: Brian Waite • RE/MAX by the Lake
Mls Name: MichRIC
Mls ID: #26001043