23 3rd StSouth 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 23 3rd St, South Haven, MI, 49090 priced at $785,000 pairs $3,580/mo rent with after a $3,842/mo payment. Total monthly income equals $3,580/mo. Return on cash invested is 12.64% in year one, and rental yield stands at 5.47% on a $785,000 basis. Equity gained on principal adds $5,065/yr, and 5% annual appreciation accumulates to $216,881 by year five. Five-year ROI measures 64.38% and total cumulative return in cash reaches $166,262. For financing, Ziffy Mortgage’s DSCR program evaluates $3,580/mo property income against a $3,842/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
5,662 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Todd M Bradfield • eXp Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24037055
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.