1860 S Sturgeon Point RdHarrisvilleMI48740
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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
Total monthly income runs $2,857/mo, and a $3,161/mo payment. Purchase price stands at $645,900, and rental yield measures 5.31% with $2,857/mo rent. Return on cash invested shows 12.14% in year one, and 5% annual appreciation builds toward $178,450 over five years. Five-year ROI reaches 61.69% and total cumulative return in cash records $131,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,857/mo property income covering a $3,161/mo payment rather than investor’s personal income.
Single Family
Built in 1998
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
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Listed by: Debbie Lewis • Abram Realty
Mls Name: RMLS Multi-List
Mls ID: #106-25-0085