7188 Severence StBenzoniaMI49616
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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 Benzonia at 7188 Severence St, Benzonia, MI, 49616 generates $2,926/mo in rent and, after a $1,884/mo payment, leaves $388/mo in cash flow. Total monthly income is $2,926/mo, and annual cash flow is $4,650/yr on $127,628 invested. Return on cash invested sits at 23.55% in year one, and rental yield is 9.12% on a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 122.92% and total cumulative return in cash sums $156,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,926/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49616, Benzonia, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,109 (100%) |
| Owner Occupied HU | 767 (69.2%) |
| Renter Occupied HU | 107 ( 9.6%) |
| Vacant Housing Units | 235 (21.2%) |
| Median Home Value | $269,000 |
| Average Home Value | $347,846 |
Housing Distribution
Address Breakdown
Residential
885
Single Family
885
Multi-Family
0
Businesses
106
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