47 S Parisville RdHarbor BeachMI48441
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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 Harbor Beach at 47 S Parisville Rd, Harbor Beach, MI, 48441 at $114,900 posts ROI 27.18% with $231/mo cash flow from $988/mo rent. Total monthly income equals $988/mo, and annual cash flow records $2,768/yr on $38,089 to close. Return on cash invested measures 27.18% and rental yield reads 10.32% at the current $114,900. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 by year five. Five-year ROI prints 142.38% and total cumulative return in cash totals $54,230.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $988/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48441, Harbor Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,171 (100%) |
| Owner Occupied HU | 1,377 (63.4%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 502 (23.1%) |
| Median Home Value | $174,589 |
| Average Home Value | $232,275 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,790
Multi-Family
85
Businesses
122
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Nearby investment properties with comparable prices
Listed by: Deb Hessling • Babcock Realty
Mls Name: RMLS Multi-List
Mls ID: #588-25-0011