601 Colfax AveBenton HarborMI49022
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
Investment property for sale in Benton Harbor at 601 Colfax Ave, Benton Harbor, MI, 49022 at $142,500 posts ROI 82.04% with $2,446/mo cash flow from $3,385/mo rent. Total monthly income equals $3,385/mo, and annual cash flow records $29,349/yr on $47,239 to close. Return on cash invested measures 82.04% and rental yield reads 28.51% at the current $142,500. Equity gained on principal adds $920/yr, and 5% annual appreciation supports $39,370 by year five. Five-year ROI prints 436.53% and total cumulative return in cash totals $206,211.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,385/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
6,534 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: Brian Brant • Sunrise Real Estate, Inc.
Mls Name: MichRIC
Mls Provider:
Mls ID: #24045762
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.