538 Monterey Dr, Benton Harbor, MI, 49022 | $142/mo Cash Flow

For Sale

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

Investment property for sale in Benton Harbor at 538 Monterey Dr, Benton Harbor, MI, 49022 with 5% annual appreciation on a $269,000 basis while $1,916/mo rent supports operations. Total monthly income totals $1,916/mo and a $1,317/mo payment preserves $142/mo for cash returns. Annual cash flow comes to $1,700/yr on $89,174 deployed, and return on cash invested reaches 21.82% in year one. Equity gained on principal adds $1,736/yr, and five-year appreciation sums $74,320 alongside rental yield of 8.55%. Five-year ROI measures 113.6% and total cumulative return in cash totals $101,303.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,916/mo property income versus a $1,317/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1954

0.28 Acres 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