215 N Shore Dr APT 2South 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
Total monthly income runs $2,926/mo, and a $7,826/mo payment. Purchase price stands at $1,599,000, and rental yield measures 2.2% with $2,926/mo rent. Return on cash invested shows 0.53% in year one, and 5% annual appreciation builds toward $441,774 over five years. Five-year ROI reaches 0.17% and total cumulative return in cash records $901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,926/mo property income covering a $7,826/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$625 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Gretchen Arkins • Greenridge Realty South Haven
Mls Name: MichRIC
Mls Provider:
Mls ID: #25042914
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.