635 E Empire AveBenton 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
Investment property for sale in Benton Harbor at 635 E Empire Ave, Benton Harbor, MI, 49022 with 5% annual appreciation on a $124,900 basis while $1,243/mo rent supports operations. Total monthly income totals $1,243/mo and a $611/mo payment preserves $420/mo for cash returns. Annual cash flow comes to $5,036/yr on $41,404 deployed, and return on cash invested reaches 32.07% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 11.94%. Five-year ROI measures 168.64% and total cumulative return in cash totals $69,826.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,243/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
5,227 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 Waite • RE/MAX by the Lake
Mls Name: MichRIC
Mls Provider:
Mls ID: #24054219
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.