6994 Long Lake RdBerrien SpringsMI49103
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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 Berrien Springs at 6994 Long Lake Rd, Berrien Springs, MI, 49103 generates $1,747/mo in rent and, after a $1,077/mo payment, leaves $296/mo in cash flow. Total monthly income is $1,747/mo, and annual cash flow is $3,552/yr on $72,930 invested. Return on cash invested sits at 24.78% in year one, and rental yield is 9.53% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 129.48% and total cumulative return in cash sums $94,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,747/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
2.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49103, Berrien Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,038 (100%) |
| Owner Occupied HU | 2,865 (56.9%) |
| Renter Occupied HU | 1,533 (30.4%) |
| Vacant Housing Units | 640 (12.7%) |
| Median Home Value | $273,124 |
| Average Home Value | $318,962 |
Housing Distribution
Address Breakdown
Residential
4,559
Single Family
4,413
Multi-Family
146
Businesses
294
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Listed by: Matthew Shembarger • The Collective Home Group
Mls Name: MichRIC
Mls ID: #25062383