33 Harbor LnHarbor 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
Investment property for sale in Harbor Springs at 33 Harbor Ln, Harbor Springs, MI, 49740 uses $157,628 cash to close to unlock $4,196/yr annual cash flow and $350/mo monthly cash flow. Total monthly income runs $3,485/mo, and a $2,327/mo payment keeps the spread at $350/mo. Purchase price stands at $475,500, and rental yield measures 8.79% with $3,485/mo rent. Return on cash invested shows 22.57% in year one, and 5% annual appreciation builds toward $131,372 over five years. Five-year ROI reaches 117.65% and total cumulative return in cash records $185,444. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,485/mo property income covering a $2,327/mo payment rather than investor’s personal income.
Single Family
Built in 1976
N/A 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: N/A • N/A
Mls Name: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate
Mls ID: #477177