203 Hemlock Dr, Harbor Springs, MI, 49740 | $137/mo Cash Flow

For Sale

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Harbor Springs at 203 Hemlock Dr, Harbor Springs, MI, 49740 uses $140,854 cash to close to unlock $1,640/yr annual cash flow and $137/mo monthly cash flow. Total monthly income runs $2,939/mo, and a $2,080/mo payment keeps the spread at $137/mo. Purchase price stands at $424,900, and rental yield measures 8.3% with $2,939/mo rent. Return on cash invested shows 21.07% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 109.63% and total cumulative return in cash records $154,413. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,939/mo property income covering a $2,080/mo payment rather than investor’s personal income.

Single Family

Built in 1983

0.34 Acres 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