21 Columbine DrSouth HavenMI49090
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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 South Haven at 21 Columbine Dr, South Haven, MI, 49090 offers $2,820/mo rent that, after a $4,013/mo payment. Total monthly income is $2,820/mo. Return on cash invested measures 8.55% in year one, and rental yield stands at 4.13% at a $819,900 entry. Equity gained on principal adds $5,291/yr while 5% annual appreciation compounds into $226,523 by year five. Five-year ROI records 42.46% and total cumulative return in cash reaches $114,531. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,820/mo property income versus a $4,013/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2007
0.53 Acres lot
$N/A/sqft
No HOA
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Listed by: Brian Waite • RE/MAX by the Lake
Mls Name: MichRIC
Mls Provider:
Mls ID: #24040256
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.