24645 Spring Ln #18Harrison 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 24645 Spring Ln #18, Harrison Township, MI, 48045 earns $61/mo cash flow from $1,148/mo rent with a $807/mo payment. Total monthly income totals $1,148/mo, and annual cash flow totals $728/yr on $54,664 capital. ROI tracks 21.24% on current figures, and rental yield reads 8.35% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 110.54% and total cumulative return in cash sums $60,424. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,148/mo property income instead of your personal income.
Townhouse
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: Brian G Krause • Real Estate One-Clinton Twp
Mls Name: Realcomp II
Mls ID: #20251024576