4749 S Pleasantview Rd UNIT 65Harbor SpringsMI49740
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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
Rental property for sale in Harbor Springs at 4749 S Pleasantview Rd UNIT 65, Harbor Springs, MI, 49740 generates $2,353/mo in rent and, after a $1,590/mo payment, leaves $211/mo in cash flow. Total monthly income is $2,353/mo, and annual cash flow is $2,528/yr on $107,704 invested. Return on cash invested sits at 22.26% in year one, and rental yield is 8.69% on a $324,900 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,764 over five years. Five-year ROI reaches 115.97% and total cumulative return in cash sums $124,901. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,353/mo property income rather than buyer’s personal income.
Condo
Built in 1988
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
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Listed by: Trish Hartwick • Coldwell Banker Schmidt - Petoskey
Mls Name: Northern Michigan MLS
Mls ID: #477724