7363 N Shore Dr #8South HavenMI49090
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 7363 N Shore Dr #8, South Haven, MI, 49090 in South Haven: $3,228/mo in rent, $1,636/mo net, 20.4% gross yield, all on a $189,900 acquisition. The 3.78 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $52,466 in value, and $1,749/yr in principal paydown steadily builds equity. Projected total cumulative return: $179,118.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.4% | 7.0% |
| Monthly Cash Flow | $1,636 | $800 |
City averages based on South Haven market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,228 |
| Total Monthly Debt Service | $1,517 |
| DSCR Ratio | 2.13x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1980
N/A lot
$N/A/sqft
$340 monthly HOA
Nearby investment properties with comparable rents
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
Condo
Built in 1980
N/A lot
$N/A/sqft
$340 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices