512 Lagrange StSouth HavenMI49090
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
Rental property for sale in South Haven at 512 Lagrange St, South Haven, MI, 49090 priced at $479,000 pairs $4,451/mo rent with $1,293/mo cash flow after a $2,344/mo payment. Total monthly income equals $4,451/mo, and annual cash flow comes to $15,512/yr on $158,789 invested. Return on cash invested is 29.68% in year one, and rental yield stands at 11.15% on a $479,000 basis. Equity gained on principal adds $3,091/yr, and 5% annual appreciation accumulates to $132,339 by year five. Five-year ROI measures 155.76% and total cumulative return in cash reaches $247,335. For financing, Ziffy Mortgage’s DSCR program evaluates $4,451/mo property income against a $2,344/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
0.26 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melissa Socha • Modern Way Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24036201
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.