38080 Hamon StHarrison TownshipMI48045
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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 Harrison Township at 38080 Hamon St, Harrison Township, MI, 48045 uses $106,080 cash to close to unlock $12,264/yr annual cash flow and $1,022/mo monthly cash flow. Total monthly income runs $3,132/mo, and a $1,566/mo payment keeps the spread at $1,022/mo. Purchase price stands at $320,000, and rental yield measures 11.74% with $3,132/mo rent. Return on cash invested shows 31.47% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 165.36% and total cumulative return in cash records $175,419. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,132/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1985
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48045, Harrison Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,362 (100%) |
| Owner Occupied HU | 8,181 (66.2%) |
| Renter Occupied HU | 3,402 (27.5%) |
| Vacant Housing Units | 779 ( 6.3%) |
| Median Home Value | $336,322 |
| Average Home Value | $360,409 |
Housing Distribution
Address Breakdown
Residential
12,285
Single Family
10,343
Multi-Family
1,942
Businesses
383
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Listed by: Lisa A Johnson • J Michael Realty LLC
Mls Name: Realcomp II
Mls ID: #20251046936