3397 Pleasant StBerrien SpringsMI49103
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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 Berrien Springs at 3397 Pleasant St, Berrien Springs, MI, 49103 earns $233/mo cash flow from $1,980/mo rent with a $1,297/mo payment. Total monthly income totals $1,980/mo, and annual cash flow totals $2,792/yr on $87,814 capital. ROI tracks 23.09% on current figures, and rental yield reads 8.97% at a $264,900 purchase. Equity gained on principal adds $1,709/yr, and 5% annual appreciation supports $73,187 over five years. Five-year ROI reaches 120.43% and total cumulative return in cash sums $105,752. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,980/mo property income instead of your personal income.
Single Family
Built in 1959
1.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49103, Berrien Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,038 (100%) |
| Owner Occupied HU | 2,865 (56.9%) |
| Renter Occupied HU | 1,533 (30.4%) |
| Vacant Housing Units | 640 (12.7%) |
| Median Home Value | $273,124 |
| Average Home Value | $318,962 |
Housing Distribution
Address Breakdown
Residential
4,559
Single Family
4,413
Multi-Family
146
Businesses
294
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Listed by: Steven Koleno • BEYCOME BROKERAGE REALTY LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24047469
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.