225 N Shore Dr APT 1South 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 225 N Shore Dr APT 1, South Haven, MI, 49090 generates $1,184/mo in rent, after a $2,203/mo payment. Total monthly income is $1,184/mo. Return on cash invested sits at 5.56% in year one, and rental yield is 3.16% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 26.41% and total cumulative return in cash sums $39,390. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,184/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Emily Anderson • Greenridge Realty South Haven
Mls Name: MichRIC
Mls ID: #26001904