533 Eloise DrBenton HarborMI49022
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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
Investment Highlights
Rental property for sale in Benton Harbor at 533 Eloise Dr, Benton Harbor, MI, 49022 offers $1,792/mo rent that, after a $979/mo payment, leaves $473/mo cash flow. Total monthly income is $1,792/mo, and annual cash flow is $5,676/yr on $66,300 cash. Return on cash invested measures 28.47% in year one, and rental yield stands at 10.75% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 149.28% and total cumulative return in cash reaches $98,972. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,792/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49022, Benton Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,018 (100%) |
| Owner Occupied HU | 7,228 (51.6%) |
| Renter Occupied HU | 5,089 (36.3%) |
| Vacant Housing Units | 1,701 (12.1%) |
| Median Home Value | $200,743 |
| Average Home Value | $271,485 |
Housing Distribution
Address Breakdown
Residential
13,082
Single Family
11,575
Multi-Family
1,507
Businesses
1,037
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Listed by: Lars A Petzke • RE/MAX by the Lake
Mls Name: MichRIC
Mls ID: #25057540