24623 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 24623 Spring Ln, Harrison Township, MI, 48045 earns $427/mo cash flow from $1,601/mo rent with a $871/mo payment. Total monthly income totals $1,601/mo, and annual cash flow totals $5,129/yr on $59,007 capital. ROI tracks 28.6% on current figures, and rental yield reads 10.79% at a $178,000 purchase. Equity gained on principal adds $1,149/yr, and 5% annual appreciation supports $49,178 over five years. Five-year ROI reaches 150.02% and total cumulative return in cash sums $88,525. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,601/mo property income instead of your personal income.
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: Colleen Rozwadowski • Century 21 Professionals
Mls Name: MiRealSource
Mls ID: #50194185