2300 Cedar RdHarrisonMI48625
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
Investment Highlights
Rental property for sale in Harrison at 2300 Cedar Rd, Harrison, MI, 48625 offers $2,822/mo rent that, after a $1,591/mo payment, leaves $679/mo cash flow. Total monthly income is $2,822/mo, and annual cash flow is $8,142/yr on $107,738 cash. Return on cash invested measures 27.47% in year one, and rental yield stands at 10.42% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 143.92% and total cumulative return in cash reaches $155,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,822/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1991
40 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Connie Tuck • CONNIE LYNN TUCK, REAL ESTATE BROKER
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1924669
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.