223 Nelson StHarbor BeachMI48441
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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
Investment property for sale in Harbor Beach at 223 Nelson St, Harbor Beach, MI, 48441 uses $62,654 cash to close to unlock $4,256/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,601/mo, and a $925/mo payment keeps the spread at $355/mo. Purchase price stands at $189,000, and rental yield measures 10.17% with $1,601/mo rent. Return on cash invested shows 26.7% in year one, and 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 139.81% and total cumulative return in cash records $87,598. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,601/mo property income covering a $925/mo payment rather than investor’s personal income.
Single Family
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48441, Harbor Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,171 (100%) |
| Owner Occupied HU | 1,377 (63.4%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 502 (23.1%) |
| Median Home Value | $174,589 |
| Average Home Value | $232,275 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,790
Multi-Family
85
Businesses
122
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Listed by: N/A • N/A
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #588-25-0016