4790 Mariners PointHarbor 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
Investment property for sale in Harbor Springs at 4790 Mariners Point, Harbor Springs, MI, 49740 earns from $2,640/mo rent with a $2,589/mo payment. Total monthly income totals $2,640/mo. ROI tracks 14.21% on current figures, and rental yield reads 5.99% at a $529,000 purchase. Equity gained on principal adds $3,414/yr, and 5% annual appreciation supports $146,153 over five years. Five-year ROI reaches 72.79% and total cumulative return in cash sums $126,677. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,640/mo property income instead of your personal income.
Single Family
Built in N/A
1.41 Acres 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: Robert Vosler • Bay North Realty Co.
Mls Name: Northern Michigan MLS
Mls ID: #477654