500 Erie St UNIT 209, South Haven, MI, 49090 | 5.17% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $2,520/mo, and a $2,863/mo payment. Purchase price stands at $585,000, and rental yield measures 5.17% with $2,520/mo rent. Return on cash invested shows 7.86% in year one, and 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 40.11% and total cumulative return in cash records $77,202. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $2,863/mo payment rather than investor’s personal income.

Condo

Built in 1913

0.34 Acres lot

$N/A/sqft

$620 monthly HOA