48590 Harbor DrChesterfieldMI48047
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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 Chesterfield at 48590 Harbor Dr, Chesterfield, MI, 48047 earns from $5,598/mo rent with a $7,341/mo payment. Total monthly income totals $5,598/mo. ROI tracks 9.77% on current figures, and rental yield reads 4.48% at a $1,499,900 purchase. Equity gained on principal adds $9,679/yr, and 5% annual appreciation supports $414,395 over five years. Five-year ROI reaches 48.92% and total cumulative return in cash sums $237,748. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,598/mo property income instead of your personal income.
Single Family
Built in 1992
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48047, New Baltimore, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,500 (100%) |
| Owner Occupied HU | 13,018 (78.9%) |
| Renter Occupied HU | 2,935 (17.8%) |
| Vacant Housing Units | 547 ( 3.3%) |
| Median Home Value | $331,383 |
| Average Home Value | $354,784 |
Housing Distribution
Address Breakdown
Residential
16,408
Single Family
15,958
Multi-Family
450
Businesses
771
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Listed by: Kristie Lohmann • RE/MAX First
Mls Name: MiRealSource
Mls ID: #50189432