688 Waters Edge DrSouth HavenMI49090
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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
Rental property for sale in South Haven at 688 Waters Edge Dr, South Haven, MI, 49090 generates $4,158/mo in rent, after a $4,258/mo payment. Total monthly income is $4,158/mo. Return on cash invested sits at 11.34% in year one, and rental yield is 5.74% on a $870,000 entry. Equity gained on principal adds $5,614/yr, while 5% annual appreciation builds toward $240,365 over five years. Five-year ROI reaches 58.17% and total cumulative return in cash sums $166,489. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,158/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
0.35 Acres lot
$N/A/sqft
$6,000 annually HOA
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Nearby investment properties with comparable prices
Listed by: Andrea L Crossman • Coldwell Banker Woodland Schmidt
Mls Name: MichRIC
Mls Provider:
Mls ID: #23134796
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.