519 N Lake StHarrisvilleMI48740
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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 Harrisville at 519 N Lake St, Harrisville, MI, 48740 priced at $210,000 pairs $1,174/mo rent with after a $1,028/mo payment. Total monthly income equals $1,174/mo. Return on cash invested is 16.27% in year one, and rental yield stands at 6.71% on a $210,000 basis. Equity gained on principal adds $1,355/yr, and 5% annual appreciation accumulates to $58,019 by year five. Five-year ROI measures 83.87% and total cumulative return in cash reaches $58,384. For financing, Ziffy Mortgage’s DSCR program evaluates $1,174/mo property income against a $1,028/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
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: Matt Burt • Dream Quest Homes Realty
Mls Name: RMLS Multi-List
Mls ID: #719-25-0018