231 E Garland StHarriettaMI49638
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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 Harrietta at 231 E Garland St, Harrietta, MI, 49638 listed at $140,000 pairs $1,076/mo rent with a $685/mo payment to leave $153/mo cash flow. Total monthly income runs $1,076/mo, and annual cash flow reaches $1,836/yr on $46,410 cash to close. Return on cash invested measures 23.87% in year one, and rental yield registers 9.22% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 124.6% and total cumulative return in cash totals $57,826. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,076/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1903
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49638, Harrietta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 607 (100%) |
| Owner Occupied HU | 346 (57.0%) |
| Renter Occupied HU | 56 ( 9.2%) |
| Vacant Housing Units | 205 (33.8%) |
| Median Home Value | $152,778 |
| Average Home Value | $195,397 |
Housing Distribution
Address Breakdown
Residential
383
Single Family
383
Multi-Family
0
Businesses
13
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