3088 Saint Joseph River DrBenton 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 3088 Saint Joseph River Dr, Benton Harbor, MI, 49022 earns $97/mo cash flow from $2,590/mo rent with a $1,850/mo payment. Total monthly income totals $2,590/mo, and annual cash flow totals $1,169/yr on $125,307 capital. ROI tracks 20.84% on current figures, and rental yield reads 8.22% at a $378,000 purchase. Equity gained on principal adds $2,439/yr, and 5% annual appreciation supports $104,434 over five years. Five-year ROI reaches 108.39% and total cumulative return in cash sums $135,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,590/mo property income instead of your personal income.
Single Family
Built in 1968
0.56 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: Jody Schwalm • RE/MAX United (Beltline)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25001242
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.