38861 Shoreline DrHarrison 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 38861 Shoreline Dr, Harrison Township, MI, 48045 uses $99,450 cash to close to unlock $10,980/yr annual cash flow and $915/mo monthly cash flow. Total monthly income runs $2,893/mo, and a $1,468/mo payment keeps the spread at $915/mo. Purchase price stands at $300,000, and rental yield measures 11.57% with $2,893/mo rent. Return on cash invested shows 30.95% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 162.57% and total cumulative return in cash records $161,676. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,893/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.91 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: Richard D. Hovarter • Keller Williams Realty Lakeside
Mls Name: MiRealSource
Mls ID: #50192534