227 N 2nd 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 227 N 2nd St, Harbor Beach, MI, 48441 earns $182/mo cash flow from $1,039/mo rent with a $636/mo payment. Total monthly income totals $1,039/mo, and annual cash flow totals $2,186/yr on $43,062 capital. ROI tracks 24.99% on current figures, and rental yield reads 9.6% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 130.68% and total cumulative return in cash sums $56,275. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,039/mo property income instead of your personal income.
Single Family
Built in 1890
10,560 sqft 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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