186 Harris DrCement CityMI49233
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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
Rental property for sale in Cement City at 186 Harris Dr, Cement City, MI, 49233 offers $1,754/mo rent that, after a $1,219/mo payment, leaves $112/mo cash flow. Total monthly income is $1,754/mo, and annual cash flow is $1,340/yr on $82,544 cash. Return on cash invested measures 21.53% in year one, and rental yield stands at 8.45% at a $249,000 entry. Equity gained on principal adds $1,607/yr while 5% annual appreciation compounds into $68,794 by year five. Five-year ROI records 112.1% and total cumulative return in cash reaches $92,528. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,754/mo property income versus a $1,219/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49233, Cement City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,475 (100%) |
| Owner Occupied HU | 1,126 (76.3%) |
| Renter Occupied HU | 101 ( 6.8%) |
| Vacant Housing Units | 248 (16.8%) |
| Median Home Value | $287,644 |
| Average Home Value | $316,241 |
Housing Distribution
Address Breakdown
Residential
1,316
Single Family
1,316
Multi-Family
0
Businesses
48
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Listed by: STONEY R GREEN • RE/MAX MID-MICHIGAN-BROOKLYN
Mls Name: MichRIC
Mls ID: #25062929