407A Eagle StSouth HavenMI49090
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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
Rental property for sale in South Haven at 407A Eagle St, South Haven, MI, 49090 priced at $389,000 converts $1,602/mo rent into after a $1,904/mo obligation. Total monthly income equals $1,602/mo. Return on cash invested prints 9.72% in year one, and rental yield reads 4.94% against a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation compiles into $107,474 by year five. Five-year ROI reaches 49.16% and total cumulative return in cash sums $63,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,602/mo property income covering a $1,904/mo payment, not borrower’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
$132 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Jason R Carpenter • Keller Williams GR East
Mls Name: MichRIC
Mls Provider:
Mls ID: #24056430
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.