4156 Echo Road
About This Property
Attention investors and cash buyers-here's your next rehab project in the heart of Southwest Michigan. This 2-bedroom, 2-bath home offers over 1,000 sq ft of living space on a half-acre lot, providing room to improve, expand, or hold as a strong rental opportunity.
Located just outside downtown Benton Harbor, this property sits near area employers, the local arts district, and Lake Michigan beaches-making it ideal for workforce tenants, short-term rentals, or affordable housing investors. The surrounding community is experiencing ongoing revitalization, offering long-term upside for those willing to bring their toolbelt and unlock its full potential.
Motivated Seller - sold as-is
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017