210 S 2nd StHarrisvilleMI48740
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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 Harrisville at 210 S 2nd St, Harrisville, MI, 48740 priced at $321,000 converts $2,274/mo rent into $157/mo cash flow after a $1,571/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $1,888/yr on $106,412 invested. Return on cash invested prints 21.68% in year one, and rental yield reads 8.5% against a $321,000 entry. Equity gained on principal adds $2,071/yr, while 5% annual appreciation compiles into $88,686 by year five. Five-year ROI reaches 112.91% and total cumulative return in cash sums $120,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,571/mo payment, not borrower’s personal income.
Single Family
Built in 2006
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: Joyce Hook • A n J State Wide Real Estate
Mls Name: RMLS Multi-List
Mls ID: #077-25-0009