195 E Main StHarbor SpringsMI49740
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 Harbor Springs at 195 E Main St, Harbor Springs, MI, 49740 at $935,000 posts ROI 1.16% with from $1,320/mo rent. Total monthly income equals $1,320/mo. Return on cash invested measures 1.16% and rental yield reads 1.69% at the current $935,000. Equity gained on principal adds $6,033/yr, and 5% annual appreciation supports $258,323 by year five. Five-year ROI prints 2.8% and total cumulative return in cash totals $8,600. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in N/A
N/A 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 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
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Nearby investment properties with comparable prices
Listed by: Lee Tegland • Berkshire Hathaway HomeServices Michigan Real Estate - HS
Mls Name: Northern Michigan MLS
Mls ID: #476722