4796 Lightfoot RdHarbor 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 4796 Lightfoot Rd, Harbor Springs, MI, 49740 offers $2,736/mo rent that, after a $904/mo payment, leaves $1,518/mo cash flow. Total monthly income is $2,736/mo, and annual cash flow is $18,218/yr on $61,195 cash. Return on cash invested measures 49.68% in year one, and rental yield stands at 17.79% at a $184,600 entry. Equity gained on principal adds $1,191/yr while 5% annual appreciation compounds into $51,002 by year five. Five-year ROI records 263.1% and total cumulative return in cash reaches $161,001. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,736/mo property income versus a $904/mo payment rather than borrower’s personal income verification through W2s, Salary slips, 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: 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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