5472 Middle Channel DrHarsens IslandMI48028
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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 Harsens Island at 5472 Middle Channel Dr, Harsens Island, MI, 48028 offers $2,663/mo rent that, after a $4,557/mo payment. Total monthly income is $2,663/mo. Return on cash invested measures 6.44% in year one, and rental yield stands at 3.43% at a $931,000 entry. Equity gained on principal adds $6,008/yr while 5% annual appreciation compounds into $257,218 by year five. Five-year ROI records 31.12% and total cumulative return in cash reaches $95,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,663/mo property income versus a $4,557/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
0.92 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48028, Harsens Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 477 (29.9%) |
| Renter Occupied HU | 28 ( 1.8%) |
| Vacant Housing Units | 1,091 (68.4%) |
| Median Home Value | $393,852 |
| Average Home Value | $421,226 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
39
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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