1577 Timber Pass,Harbor Springs,MI,49740

Investment Highlights

Rental property for sale in Harbor Springs at 1577 Timber Pass, Harbor Springs, MI, 49740 offers $2,105/mo rent that, after a $1,419/mo payment, leaves $193/mo cash flow. Total monthly income is $2,105/mo, and annual cash flow is $2,316/yr on $96,135 cash. Return on cash invested measures 22.32% in year one, and rental yield stands at 8.71% at a $290,000 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,122 by year five. Five-year ROI records 116.29% and total cumulative return in cash reaches $111,796. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,105/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.