603 N Cygnet Lake 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 603 N Cygnet Lake Dr, Benton Harbor, MI, 49022 priced at $314,900 pairs $2,813/mo rent with $445/mo cash flow after a $1,541/mo payment. Total monthly income equals $2,813/mo, and annual cash flow comes to $5,345/yr on $104,389 invested. Return on cash invested is 25.03% in year one, and rental yield stands at 10.72% on a $314,900 basis. Equity gained on principal adds $2,032/yr, and 5% annual appreciation accumulates to $87,001 by year five. Five-year ROI measures 132.06% and total cumulative return in cash reaches $137,854. For financing, Ziffy Mortgage’s DSCR program evaluates $2,813/mo property income against a $1,541/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2018
7,405 sqft lot
$N/A/sqft
$525 quarterly 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: Gretchen Volkenstein • @properties Christie's International R.E.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25044631
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.