355 N 2nd StHarrisonMI48625
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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 Harrison at 355 N 2nd St, Harrison, MI, 48625 priced at $106,500 converts $1,926/mo rent into $1,224/mo cash flow after a $521/mo obligation. Total monthly income equals $1,926/mo, and annual cash flow totals $14,687/yr on $35,305 invested. Return on cash invested prints 61.51% in year one, and rental yield reads 21.7% against a $106,500 entry. Equity gained on principal adds $687/yr, while 5% annual appreciation compiles into $29,424 by year five. Five-year ROI reaches 326.42% and total cumulative return in cash sums $115,241. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,926/mo property income covering a $521/mo payment, not borrower’s personal income.
Single Family
Built in 1943
8,712 sqft lot
$N/A/sqft
No HOA
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Listed by: KARI GARBER • HARRISON REALTY INC.
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50112581
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