561 Heck CtBenton 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 561 Heck Ct, Benton Harbor, MI, 49022 offers $1,133/mo rent that, after a $538/mo payment, leaves $408/mo cash flow. Total monthly income is $1,133/mo, and annual cash flow is $4,896/yr on $36,465 cash. Return on cash invested measures 33.34% in year one, and rental yield stands at 12.36% at a $109,999 entry. Equity gained on principal adds $710/yr while 5% annual appreciation compounds into $30,391 by year five. Five-year ROI records 175.37% and total cumulative return in cash reaches $63,947. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,133/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1912
9,147 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: Van Homes Team • eXp Realty
Mls Name: MichRIC
Mls ID: #26000736