5405 S Lakeshore RdHarbor BeachMI48441
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 Harbor Beach at 5405 S Lakeshore Rd, Harbor Beach, MI, 48441 priced at $419,000 pairs $3,804/mo rent with $1,041/mo cash flow after a $2,051/mo payment. Total monthly income equals $3,804/mo, and annual cash flow comes to $12,488/yr on $138,899 invested. Return on cash invested is 28.9% in year one, and rental yield stands at 10.89% on a $419,000 basis. Equity gained on principal adds $2,704/yr, and 5% annual appreciation accumulates to $115,762 by year five. Five-year ROI measures 151.59% and total cumulative return in cash reaches $210,557. For financing, Ziffy Mortgage’s DSCR program evaluates $3,804/mo property income against a $2,051/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
1.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48441, Harbor Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,171 (100%) |
| Owner Occupied HU | 1,377 (63.4%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 502 (23.1%) |
| Median Home Value | $174,589 |
| Average Home Value | $232,275 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,790
Multi-Family
85
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anthony Drewek • Realty Executives Home Towne Chesterfield
Mls Name: MiRealSource
Mls ID: #50197026