3130 S Channel DrHarsens IslandMI48028
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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 Harsens Island at 3130 S Channel Dr, Harsens Island, MI, 48028 priced at $290,000 converts $1,326/mo rent into after a $1,419/mo obligation. Total monthly income equals $1,326/mo. Return on cash invested prints 11.78% in year one, and rental yield reads 5.49% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 60.07% and total cumulative return in cash sums $57,748. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,326/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 2014
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48028, Harsens Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 477 (29.9%) |
| Renter Occupied HU | 28 ( 1.8%) |
| Vacant Housing Units | 1,091 (68.4%) |
| Median Home Value | $393,852 |
| Average Home Value | $421,226 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
39
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Listed by: Dawn Bowser • KW Platinum
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50170806
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