4890 Highland DrBerrien SpringsMI49103
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
Investment Highlights
Investment property for sale in Berrien Springs at 4890 Highland Dr, Berrien Springs, MI, 49103 at $249,000 posts ROI 32.58% with $872/mo cash flow from $2,514/mo rent. Total monthly income equals $2,514/mo, and annual cash flow records $10,460/yr on $82,544 to close. Return on cash invested measures 32.58% and rental yield reads 12.12% at the current $249,000. Equity gained on principal adds $1,607/yr, and 5% annual appreciation supports $68,794 by year five. Five-year ROI prints 171.34% and total cumulative return in cash totals $141,428.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,514/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1961
0.30 Acres 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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Nearby investment properties with comparable prices
Listed by: Jake Conklin • RE/MAX Modern Realty, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24037975
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.