309 E Church StHarrisvilleMI48740
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 309 E Church St, Harrisville, MI, 48740 offers $2,038/mo rent that, after a $732/mo payment, leaves $1,052/mo cash flow. Total monthly income is $2,038/mo, and annual cash flow is $12,622/yr on $49,559 cash. Return on cash invested measures 45.38% in year one, and rental yield stands at 16.36% at a $149,500 entry. Equity gained on principal adds $965/yr while 5% annual appreciation compounds into $41,304 by year five. Five-year ROI records 239.97% and total cumulative return in cash reaches $118,925. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,038/mo property income versus a $732/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
N/A 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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Listed by: Debbie Lewis • A n J State Wide Real Estate
Mls Name: RMLS Multi-List
Mls ID: #077-24-0015