346 Hoover AveBenton 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 346 Hoover Ave, Benton Harbor, MI, 49022 with 5% annual appreciation on a $219,900 basis while $1,909/mo rent supports operations. Total monthly income totals $1,909/mo and a $1,076/mo payment preserves $459/mo for cash returns. Annual cash flow comes to $5,510/yr on $72,897 deployed, and return on cash invested reaches 27.47% in year one. Equity gained on principal adds $1,419/yr, and five-year appreciation sums $60,754 alongside rental yield of 10.42%. Five-year ROI measures 143.98% and total cumulative return in cash totals $104,956.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,909/mo property income versus a $1,076/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
0.34 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: Van Homes Team • eXp Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25013455
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.