2462 Maple LnBenton HarborMI49022
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
Investment Highlights
Rental property for sale in Benton Harbor at 2462 Maple Ln, Benton Harbor, MI, 49022 generates $1,995/mo in rent and, after a $1,419/mo payment, leaves $83/mo in cash flow. Total monthly income is $1,995/mo, and annual cash flow is $998/yr on $96,102 invested. Return on cash invested sits at 20.95% in year one, and rental yield is 8.26% on a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 108.98% and total cumulative return in cash sums $104,733. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,995/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
2 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lars A Petzke • RE/MAX by the Lake
Mls Name: MichRIC
Mls ID: #25044864