321 School StHarbor BeachMI48441
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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
Investment property for sale in Harbor Beach at 321 School St, Harbor Beach, MI, 48441 with 5% annual appreciation on a $154,900 basis while $1,176/mo rent supports operations. Total monthly income totals $1,176/mo and a $758/mo payment preserves $155/mo for cash returns. Annual cash flow comes to $1,856/yr on $51,349 deployed, and return on cash invested reaches 23.52% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,796 alongside rental yield of 9.11%. Five-year ROI measures 122.78% and total cumulative return in cash totals $63,044.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,176/mo property income versus a $758/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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: Michelle Rosebush • Archie Thomas Real Estate
Mls Name: RMLS Multi-List
Mls Provider:
Mls ID: #018-25-0007