200 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 200 Harris Dr, Cement City, MI, 49233 offers $1,810/mo rent that, after a $2,330/mo payment. Total monthly income is $1,810/mo. Return on cash invested measures 9.8% in year one, and rental yield stands at 4.56% at a $476,000 entry. Equity gained on principal adds $3,072/yr while 5% annual appreciation compounds into $131,510 by year five. Five-year ROI records 49.16% and total cumulative return in cash reaches $77,577. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,810/mo property income versus a $2,330/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.26 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 Provider:
Mls ID: #25029569
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.