24654 Spring Ln, Harrison Township, MI, 48045 | $442/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Harrison Township at 24654 Spring Ln, Harrison Township, MI, 48045 uses $49,394 cash to close to unlock $5,300/yr annual cash flow and $442/mo monthly cash flow. Total monthly income runs $1,595/mo, and a $729/mo payment keeps the spread at $442/mo. Purchase price stands at $149,000, and rental yield measures 12.85% with $1,595/mo rent. Return on cash invested shows 30.64% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 162.44% and total cumulative return in cash records $80,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,595/mo property income covering a $729/mo payment rather than investor’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

$171 monthly 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