201 5th StHarrisvilleMI48740
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayMarkets with strong demand fundamentals often produce low-yield, high-appreciation assets. 201 5th St, Harrisville, MI, 48740 in Harrisville fits: $199,000, 3.97% gross yield, and a projected 5% annual appreciation rate adding $54,980 in value within five years. Rental yield 3.97%. The narrow rent-to-debt spread is the trade-off for market growth. Ziffy Mortgage's DSCR loan (0.74) finances non-U.S. buyers without personal income documentation; optimise coverage with a 30–35% down payment. $1,833/yr in principal paydown and $54,980 in appreciation project a total return of $33,774.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4% | 7.5% |
| Monthly Cash Flow | $(654) | $250 |
City averages based on Harrisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $659 |
| Total Monthly Debt Service | $1,233 |
| DSCR Ratio | 0.53x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1963
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
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
Single Family
Built in 1963
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: RMLS Multi-List
Mls ID: #088-26-0007