979 Lavette AveBenton HarborMI49022
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
Investment Highlights
Rental property for sale in Benton Harbor at 979 Lavette Ave, Benton Harbor, MI, 49022 priced at $143,900 pairs $1,837/mo rent with $888/mo cash flow after a $704/mo payment. Total monthly income equals $1,837/mo, and annual cash flow comes to $10,660/yr on $47,703 invested. Return on cash invested is 42.26% in year one, and rental yield stands at 15.32% on a $143,900 basis. Equity gained on principal adds $929/yr, and 5% annual appreciation accumulates to $39,757 by year five. Five-year ROI measures 223.28% and total cumulative return in cash reaches $106,511. For financing, Ziffy Mortgage’s DSCR program evaluates $1,837/mo property income against a $704/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49022, Benton Harbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,018 (100%) |
| Owner Occupied HU | 7,228 (51.6%) |
| Renter Occupied HU | 5,089 (36.3%) |
| Vacant Housing Units | 1,701 (12.1%) |
| Median Home Value | $200,743 |
| Average Home Value | $271,485 |
Housing Distribution
Address Breakdown
Residential
13,082
Single Family
11,575
Multi-Family
1,507
Businesses
1,037
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Miller • Active Realtors
Mls Name: MichRIC
Mls Provider:
Mls ID: #25000940
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.