24609 Spring LnHarrison TownshipMI48045
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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 Harrison Township at 24609 Spring Ln, Harrison Township, MI, 48045 offers a 9.31% rental yield on a $169,900 purchase with $1,318/mo rent. Total monthly income registers $1,318/mo, and a $832/mo payment leaves $197/mo available for distribution. Annual cash flow reaches $2,366/yr on $56,322 to close, and return on cash invested stands at 24.11% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 125.96% and total cumulative return in cash at $70,946. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,318/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48045, Harrison Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,362 (100%) |
| Owner Occupied HU | 8,181 (66.2%) |
| Renter Occupied HU | 3,402 (27.5%) |
| Vacant Housing Units | 779 ( 6.3%) |
| Median Home Value | $336,322 |
| Average Home Value | $360,409 |
Housing Distribution
Address Breakdown
Residential
12,285
Single Family
10,343
Multi-Family
1,942
Businesses
383
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Listed by: Jessica Zielke • Good Company
Mls Name: Realcomp II
Mls ID: #20251047052