560 Cornpatch TrlHarrisvilleMI48740
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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 Harrisville at 560 Cornpatch Trl, Harrisville, MI, 48740 with 5% annual appreciation on a $169,900 basis while $1,514/mo rent supports operations. Total monthly income totals $1,514/mo and a $832/mo payment preserves $393/mo for cash returns. Annual cash flow comes to $4,718/yr on $56,322 deployed, and return on cash invested reaches 28.29% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 10.69%. Five-year ROI measures 148.38% and total cumulative return in cash totals $83,570.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,514/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
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: Rodney Kilbourn • Byce Real Estate Company
Mls Name: RMLS Multi-List
Mls ID: #157-24-0019