4810 E Walker RdHarrisvilleMI48740
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
Rental property for sale in Harrisville at 4810 E Walker Rd, Harrisville, MI, 48740 priced at $243,000 converts $659/mo rent into after a $1,189/mo obligation. Total monthly income equals $659/mo. Return on cash invested prints 5.86% in year one, and rental yield reads 3.25% against a $243,000 entry. Equity gained on principal adds $1,568/yr, while 5% annual appreciation compiles into $67,136 by year five. Five-year ROI reaches 28.03% and total cumulative return in cash sums $22,580. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $659/mo property income covering a $1,189/mo payment, not borrower’s personal income.
Single Family
Built in 1995
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48740, Harrisville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 990 (57.4%) |
| Renter Occupied HU | 156 ( 9.0%) |
| Vacant Housing Units | 579 (33.6%) |
| Median Home Value | $191,848 |
| Average Home Value | $231,965 |
Housing Distribution
Address Breakdown
Residential
1,115
Single Family
1,074
Multi-Family
41
Businesses
120
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Listed by: Amy Roznowski • Real Estate One of Alpena
Mls Name: RMLS Multi-List
Mls ID: #675-24-0024