0 Harneck RdApplegateMI48401
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 0 Harneck Rd, Applegate, MI, 48401 in Applegate: $1,960/mo in rent, $845/mo net, 13.91% gross yield, all on a $169,000 acquisition. The 2.58 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 $46,692 in value, and $1,557/yr in principal paydown steadily builds equity. Projected total cumulative return: $118,807.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.9% | 7.8% |
| Monthly Cash Flow | $845 | $350 |
City averages based on Applegate market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,960 |
| Total Monthly Debt Service | $1,047 |
| DSCR Ratio | 1.87x |
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.
Lot
Built in N/A
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48401, Applegate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 527 (69.5%) |
| Renter Occupied HU | 73 ( 9.6%) |
| Vacant Housing Units | 158 (20.8%) |
| Median Home Value | $200,301 |
| Average Home Value | $243,463 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
17
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
Lot
Built in N/A
20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48401, Applegate, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 758 (100%) |
| Owner Occupied HU | 527 (69.5%) |
| Renter Occupied HU | 73 ( 9.6%) |
| Vacant Housing Units | 158 (20.8%) |
| Median Home Value | $200,301 |
| Average Home Value | $243,463 |
Housing Distribution
Address Breakdown
Residential
573
Single Family
573
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices