300 E Church StHarrisvilleMI48740
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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 Harrisville at 300 E Church St, Harrisville, MI, 48740 offers $3,485/mo rent that, after a $1,945/mo payment, leaves $864/mo cash flow. Total monthly income is $3,485/mo, and annual cash flow is $10,372/yr on $131,755 cash. Return on cash invested measures 27.78% in year one, and rental yield stands at 10.52% at a $397,450 entry. Equity gained on principal adds $2,565/yr while 5% annual appreciation compounds into $109,808 by year five. Five-year ROI records 145.6% and total cumulative return in cash reaches $191,839. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,485/mo property income versus a $1,945/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48740, Harrisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 990 (57.4%) |
| Renter Occupied HU | 156 ( 9.0%) |
| Vacant Housing Units | 579 (33.6%) |
| Median Home Value | $191,848 |
| Average Home Value | $231,965 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,074
Multi-Family
41
Businesses
120
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Nearby investment properties with comparable prices
Listed by: Jacqueline Werth • Forty Five North Real Estate
Mls Name: WWMLS
Mls Provider:
Mls ID: #201832190
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