1670 S Channel DrHarsens 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 1670 S Channel Dr, Harsens Island, MI, 48028 uses $66,134 cash to close to unlock $3,406/yr annual cash flow and $284/mo monthly cash flow. Total monthly income runs $1,599/mo, and a $976/mo payment keeps the spread at $284/mo. Purchase price stands at $199,500, and rental yield measures 9.62% with $1,599/mo rent. Return on cash invested shows 25.06% in year one, and 5% annual appreciation builds toward $55,118 over five years. Five-year ROI reaches 131% and total cumulative return in cash records $86,635. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,599/mo property income covering a $976/mo payment rather than investor’s personal income.
Single Family
Built in 1940
0.80 Acres 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: Jimmy Moss • RC Platinum Inc
Mls Name: Realcomp II
Mls ID: #20251055151