38573 Primrose LnHarrison TownshipMI48045
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 2.18% gross rental yield, 38573 Primrose Ln, Harrison Township, MI, 48045 in Harrison Township is priced for capital growth, not immediate cash flow. The $779,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $215,472 by year five, with $7,183/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.40) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $57,247.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.2% | 7.3% |
| Monthly Cash Flow | $(3,728) | $500 |
City averages based on Harrison Township market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,415 |
| Total Monthly Debt Service | $4,833 |
| DSCR Ratio | 0.29x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2025
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2025
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joanna Accetta • Leone Realty Inc
Mls Name: Realcomp II
Mls ID: #20251021705