2431 E Britain AveBenton HarborMI49022
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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
Investment property for sale in Benton Harbor at 2431 E Britain Ave, Benton Harbor, MI, 49022 uses $87,848 cash to close to unlock $1,446/yr annual cash flow and $121/mo monthly cash flow. Total monthly income runs $1,868/mo, and a $1,297/mo payment keeps the spread at $121/mo. Purchase price stands at $265,000, and rental yield measures 8.46% with $1,868/mo rent. Return on cash invested shows 21.56% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 112.22% and total cumulative return in cash records $98,583. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,868/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1965
9.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49022, Benton Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,018 (100%) |
| Owner Occupied HU | 7,228 (51.6%) |
| Renter Occupied HU | 5,089 (36.3%) |
| Vacant Housing Units | 1,701 (12.1%) |
| Median Home Value | $200,743 |
| Average Home Value | $271,485 |
Housing Distribution
Address Breakdown
Residential
13,082
Single Family
11,575
Multi-Family
1,507
Businesses
1,037
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Listed by: Tina M Dean • ERA Reardon Realty
Mls Name: MichRIC
Mls ID: #25040512