511 Phoenix St #2, South Haven, MI, 49090 | $1,098/mo Cash Flow

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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

Rental property for sale in South Haven at 511 Phoenix St #2, South Haven, MI, 49090 generates $6,367/mo in rent and, after a $3,911/mo payment, leaves $1,098/mo in cash flow. Total monthly income is $6,367/mo, and annual cash flow is $13,172/yr on $262,871 invested. Return on cash invested sits at 25.07% in year one, and rental yield is 9.56% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 131.02% and total cumulative return in cash sums $344,418. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,367/mo property income rather than buyer’s personal income.

Condo

Built in 1900

3,049 sqft lot

$N/A/sqft

No HOA