3231 Petes RunHarbor SpringsMI49740
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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 Springs at 3231 Petes Run, Harbor Springs, MI, 49740 generates $4,226/mo in rent and, after a $3,079/mo payment, leaves $78/mo in cash flow. Total monthly income is $4,226/mo, and annual cash flow is $932/yr on $206,941 invested. Return on cash invested sits at 20.51% in year one, and rental yield is 8.06% on a $629,000 entry. Equity gained on principal adds $4,059/yr, while 5% annual appreciation builds toward $173,781 over five years. Five-year ROI reaches 106.57% and total cumulative return in cash sums $220,533. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,226/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49740, Harbor Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,444 (100%) |
| Owner Occupied HU | 3,072 (47.7%) |
| Renter Occupied HU | 529 ( 8.2%) |
| Vacant Housing Units | 2,843 (44.1%) |
| Median Home Value | $375,000 |
| Average Home Value | $480,244 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
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Listed by: Mindy K Ozenberger • Berkshire Hathaway HomeServices Michigan Real Estate - HS
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #476021
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.