154 S Atchison RdHarrisvilleMI48740
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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 Harrisville at 154 S Atchison Rd, Harrisville, MI, 48740 offers a 15.09% rental yield on a $213,900 purchase with $2,690/mo rent. Total monthly income registers $2,690/mo, and a $1,047/mo payment leaves $1,279/mo available for distribution. Annual cash flow reaches $15,352/yr on $70,908 to close, and return on cash invested stands at 41.56% in year one. Equity gained on principal adds $1,380/yr while 5% annual appreciation supports $59,097 over five years. Portfolio math shows five-year ROI at 219.52% and total cumulative return in cash at $155,656. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,690/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48740, Harrisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 990 (57.4%) |
| Renter Occupied HU | 156 ( 9.0%) |
| Vacant Housing Units | 579 (33.6%) |
| Median Home Value | $191,848 |
| Average Home Value | $231,965 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,074
Multi-Family
41
Businesses
120
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Listed by: Debbie Lewis • A n J State Wide Real Estate
Mls Name: RMLS Multi-List
Mls ID: #077-24-0010