1635 S Black Rock DrHarrisvilleMI48740
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
Investment Highlights
Investment property for sale in Harrisville at 1635 S Black Rock Dr, Harrisville, MI, 48740 offers a 0.88% rental yield on a $899,000 purchase with $659/mo rent. 32% in year one. Equity gained on principal adds $5,801/yr while 5% annual appreciation supports $248,377 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $659/mo property income against a $4,400/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy R Harris • Kidd & Leavy Real Estate Co. LLC
Mls Name: Northern Michigan MLS
Mls ID: #478486