21783 M 140South HavenMI49090
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 21783 M 140, South Haven, MI, 49090 in South Haven, $310,000, 8.38% gross yield, $119/mo net income. Consider it a market-entry position, the $2,164/mo rent covers the $1,394/mo payment with a margin, and 5%/yr appreciation is projected to add $85,647 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.55) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $125,784.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.0% |
| Monthly Cash Flow | $119 | $800 |
City averages based on South Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,164 |
| Total Monthly Debt Service | $1,921 |
| DSCR Ratio | 1.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1930
5 Acres lot
$N/A/sqft
No 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 1930
5 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Clarivel Delucas Valdez • Coldwell Banker Woodland Schmidt Saugatuck
Mls Name: MichRIC
Mls ID: #25053317