17 Harbor Ln, Harbor Springs, MI, 49740 | $273/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Harbor Springs at 17 Harbor Ln, Harbor Springs, MI, 49740 offers $3,036/mo rent that, after a $2,051/mo payment, leaves $273/mo cash flow. Total monthly income is $3,036/mo, and annual cash flow is $3,272/yr on $138,899 cash. Return on cash invested measures 22.26% in year one, and rental yield stands at 8.69% at a $419,000 entry. Equity gained on principal adds $2,704/yr while 5% annual appreciation compounds into $115,762 by year five. Five-year ROI records 116% and total cumulative return in cash reaches $161,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,036/mo property income versus a $2,051/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1978

0.34 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49740, Harbor Springs, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,444 (100%)
Owner Occupied HU	3,072 (47.7%)
Renter Occupied HU	529 ( 8.2%)
Vacant Housing Units	2,843 (44.1%)
Median Home Value	$375,000
Average Home Value	$480,244