3401 Hicks AveBenton 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
Investment property for sale in Benton Harbor at 3401 Hicks Ave, Benton Harbor, MI, 49022 offers a 7.43% rental yield on a $406,500 purchase with $2,518/mo rent. 46% in year one. Equity gained on principal adds $2,623/yr while 5% annual appreciation supports $112,308 over five years. Portfolio math shows five-year ROI at 95.57% and total cumulative return in cash at $128,789. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,518/mo property income against a $1,990/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
1.05 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: Lindsey Kennedy • Keller Williams Realty SWM
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022708
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.