4724 Camelot DrHarbor SpringsMI49740
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
Investment Highlights
Investment property for sale in Harbor Springs at 4724 Camelot Dr, Harbor Springs, MI, 49740 earns $17/mo cash flow from $3,281/mo rent with a $2,423/mo payment. Total monthly income totals $3,281/mo, and annual cash flow totals $198/yr on $164,093 capital. ROI tracks 20.03% on current figures, and rental yield reads 7.95% at a $495,000 purchase. Equity gained on principal adds $3,194/yr, and 5% annual appreciation supports $136,759 over five years. Five-year ROI reaches 104.03% and total cumulative return in cash sums $170,710. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,281/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49740, Harbor Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,444 (100%) |
| Owner Occupied HU | 3,072 (47.7%) |
| Renter Occupied HU | 529 ( 8.2%) |
| Vacant Housing Units | 2,843 (44.1%) |
| Median Home Value | $375,000 |
| Average Home Value | $480,244 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Miller • Graham Real Estate
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #475550
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.