2400 N Lake Huron Shore DrHarrisvilleMI48740
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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 Harrisville at 2400 N Lake Huron Shore Dr, Harrisville, MI, 48740 at $850,000 posts ROI 11.74% with from $3,665/mo rent. Total monthly income equals $3,665/mo. Return on cash invested measures 11.74% and rental yield reads 5.17% at the current $850,000. Equity gained on principal adds $5,485/yr, and 5% annual appreciation supports $234,839 by year five. Five-year ROI prints 59.5% and total cumulative return in cash totals $166,402. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,665/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1986
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: Becci Schirrick • Sunrise Realty, Inc.
Mls Name: RMLS Multi-List
Mls ID: #080-24-0043