1557 Old Shore DrHarbor BeachMI48441
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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 Harbor Beach at 1557 Old Shore Dr, Harbor Beach, MI, 48441 listed at $245,000 pairs $1,695/mo rent with a $1,199/mo payment to leave $80/mo cash flow. Total monthly income runs $1,695/mo, and annual cash flow reaches $954/yr on $81,218 cash to close. Return on cash invested measures 21.08% in year one, and rental yield registers 8.3% at a $245,000 basis. Equity gained on principal adds $1,581/yr, and annual property appreciation at 5% supports $67,689 by year five. Five-year ROI tracks 109.69% and total cumulative return in cash totals $89,088. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,695/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1897
2.75 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48441, Harbor Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,171 (100%) |
| Owner Occupied HU | 1,377 (63.4%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 502 (23.1%) |
| Median Home Value | $174,589 |
| Average Home Value | $232,275 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,790
Multi-Family
85
Businesses
122
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Listed by: N/A • N/A
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