270 Oak St APT 24South HavenMI49090
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeCapital preservation and steady income define 270 Oak St APT 24, South Haven, MI, 49090 in South Haven. Rental yield 8.06%. The 1.49 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $133,997 and $4,467/yr in principal reduction project total return of $172,521.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.0% |
| Monthly Cash Flow | $(209) | $800 |
City averages based on South Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,257 |
| Total Monthly Debt Service | $3,272 |
| DSCR Ratio | 1.00x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2004
N/A lot
$N/A/sqft
$267 monthly HOA
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
Condo
Built in 2004
N/A lot
$N/A/sqft
$267 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices