403 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 403 Hoover Ave, Benton Harbor, MI, 49022 earns $412/mo cash flow from $1,895/mo rent with a $1,101/mo payment. Total monthly income totals $1,895/mo, and annual cash flow totals $4,938/yr on $74,588 capital. ROI tracks 26.53% on current figures, and rental yield reads 10.11% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 138.9% and total cumulative return in cash sums $103,605. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,895/mo property income instead of your personal income.
Single Family
Built in 1958
10,018 sqft 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: Brian Brant • Sunrise Real Estate, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25032177
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.