Fikes RdBenton 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
Investment property for sale in Benton harbor at Fikes Rd, Benton harbor, MI, 49022 uses $46,609 cash to close to unlock $6,132/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,438/mo, and a $688/mo payment keeps the spread at $511/mo. Purchase price stands at $140,600, and rental yield measures 12.27% with $1,438/mo rent. Return on cash invested shows 33.06% in year one, and 5% annual appreciation builds toward $38,845 over five years. Five-year ROI reaches 173.88% and total cumulative return in cash records $81,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,438/mo property income covering a $688/mo payment rather than investor’s personal income.
Home Type Unknown
Built in N/A
10.61 Acres 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A