3660 Middle 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 3660 Middle Channel Dr, Harsens Island, MI, 48028 generates $1,121/mo in rent and, after a $636/mo payment, leaves $264/mo in cash flow. Total monthly income is $1,121/mo, and annual cash flow is $3,170/yr on $43,062 invested. Return on cash invested sits at 27.27% in year one, and rental yield is 10.36% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 142.95% and total cumulative return in cash sums $61,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,121/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.50 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: Laura Janski • RE/MAX Advisors
Mls Name: MiRealSource
Mls ID: #50189458