409 N Mechanic 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 409 N Mechanic St, Berrien Springs, MI, 49103 offers a 9.07% rental yield on a $293,900 purchase with $2,222/mo rent. Total monthly income registers $2,222/mo, and a $1,438/mo payment leaves $284/mo available for distribution. Annual cash flow reaches $3,412/yr on $97,428 to close, and return on cash invested stands at 23.41% in year one. Equity gained on principal adds $1,896/yr while 5% annual appreciation supports $81,199 over five years. Portfolio math shows five-year ROI at 122.19% and total cumulative return in cash at $119,045. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,222/mo property income against a $1,438/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
8,712 sqft 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: Scott McLauchlin • McLauchlin Realty, Inc.
Mls Name: MichRIC
Mls ID: #25032717