648 Phillips St, South Haven, MI, 49090 | $311/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in South Haven at 648 Phillips St, South Haven, MI, 49090 generates $2,520/mo in rent and, after a $1,640/mo payment, leaves $311/mo in cash flow. Total monthly income is $2,520/mo, and annual cash flow is $3,726/yr on $111,053 invested. Return on cash invested sits at 23.26% in year one, and rental yield is 9.03% on a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 121.38% and total cumulative return in cash sums $134,792. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.

Single Family

Built in 1901

6,969 sqft lot

$N/A/sqft

No HOA