573 Columbus AveBenton HarborMI49022
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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
Investment property for sale in Benton Harbor at 573 Columbus Ave, Benton Harbor, MI, 49022 listed at $192,000 pairs $1,468/mo rent with a $940/mo payment to leave $202/mo cash flow. Total monthly income runs $1,468/mo, and annual cash flow reaches $2,419/yr on $63,648 cash to close. Return on cash invested measures 23.71% in year one, and rental yield registers 9.18% at a $192,000 basis. Equity gained on principal adds $1,239/yr, and annual property appreciation at 5% supports $53,046 by year five. Five-year ROI tracks 123.8% and total cumulative return in cash totals $78,796. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,468/mo property income relative to a $940/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
5,662 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: Jennifer G. Nowlen-Boyer • Jaqua Realtors
Mls Name: MichRIC
Mls Provider:
Mls ID: #25017170
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.