2489 Lakeside DrHarbor BeachMI48441
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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
Rental property for sale in Harbor Beach at 2489 Lakeside Dr, Harbor Beach, MI, 48441 generates $2,405/mo in rent, after a $2,447/mo payment. Total monthly income is $2,405/mo. Return on cash invested sits at 13.45% in year one, and rental yield is 5.77% on a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,113 over five years. Five-year ROI reaches 68.76% and total cumulative return in cash sums $113,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,405/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48441, Harbor Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,171 (100%) |
| Owner Occupied HU | 1,377 (63.4%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 502 (23.1%) |
| Median Home Value | $174,589 |
| Average Home Value | $232,275 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,790
Multi-Family
85
Businesses
122
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Listed by: Deb Hessling • Babcock Realty
Mls Name: RMLS Multi-List
Mls ID: #588-25-0004