256 S 2nd StHarbor 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 256 S 2nd St, Harbor Beach, MI, 48441 priced at $194,000 pairs $1,554/mo rent with $274/mo cash flow after a $950/mo payment. Total monthly income equals $1,554/mo, and annual cash flow comes to $3,290/yr on $64,311 invested. Return on cash invested is 25.03% in year one, and rental yield stands at 9.61% on a $194,000 basis. Equity gained on principal adds $1,252/yr, and 5% annual appreciation accumulates to $53,599 by year five. Five-year ROI measures 130.87% and total cumulative return in cash reaches $84,164. For financing, Ziffy Mortgage’s DSCR program evaluates $1,554/mo property income against a $950/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
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: #588-25-0017