24 Delaware CtSouth 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 24 Delaware Ct, South Haven, MI, 49090 priced at $710,000 converts $7,190/mo rent into $2,508/mo cash flow after a $3,475/mo obligation. Total monthly income equals $7,190/mo, and annual cash flow totals $30,096/yr on $233,590 invested. Return on cash invested prints 32.94% in year one, and rental yield reads 12.15% against a $710,000 entry. Equity gained on principal adds $4,582/yr, while 5% annual appreciation compiles into $196,160 by year five. Five-year ROI reaches 173.24% and total cumulative return in cash sums $404,675. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,190/mo property income covering a $3,475/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.28 Acres lot
$N/A/sqft
No 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: #24041016
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.