134 Narragansett StHarsens IslandMI48028
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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 Harsens Island at 134 Narragansett St, Harsens Island, MI, 48028 offers a 17.04% rental yield on a $169,797 purchase with $2,411/mo rent. Total monthly income registers $2,411/mo, and a $831/mo payment leaves $1,291/mo available for distribution. Annual cash flow reaches $15,496/yr on $56,288 to close, and return on cash invested stands at 47.44% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,912 over five years. Portfolio math shows five-year ROI at 251.06% and total cumulative return in cash at $141,317. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,411/mo property income against a $831/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1953
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48028, Harsens Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 477 (29.9%) |
| Renter Occupied HU | 28 ( 1.8%) |
| Vacant Housing Units | 1,091 (68.4%) |
| Median Home Value | $393,852 |
| Average Home Value | $421,226 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
39
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Listed by: Laura Janski • RE/MAX Eclipse New Baltimore
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50153247
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