42 Lake Shore DrSouth HavenMI49090
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in South Haven at 42 Lake Shore Dr, South Haven, MI, 49090 projects strong ROI of 0.06%. Rental yield 1.64%. With 5% annual appreciation, the property builds $613,069 in value over five years. Equity growth combined delivers a projected five-year ROI of 13.87%, translating into $86,962 in total cumulative return on $626,868 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.6% | 7.0% |
| Monthly Cash Flow | $(11,798) | $800 |
City averages based on South Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,038 |
| Total Monthly Debt Service | $13,954 |
| DSCR Ratio | 0.22x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2019
2,613 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 2019
2,613 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Parent • Greenridge Realty South Haven
Mls Name: MichRIC
Mls Provider:
Mls ID: #25017896
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.