588 E Main StHarbor SpringsMI49740
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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 Harbor Springs at 588 E Main St, Harbor Springs, MI, 49740 at $629,000 posts ROI 13.05% with from $2,940/mo rent. Total monthly income equals $2,940/mo. Return on cash invested measures 13.05% and rental yield reads 5.61% at the current $629,000. Equity gained on principal adds $4,059/yr, and 5% annual appreciation supports $173,781 by year five. Five-year ROI prints 66.59% and total cumulative return in cash totals $137,793. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,940/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49740, Harbor Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,444 (100%) |
| Owner Occupied HU | 3,072 (47.7%) |
| Renter Occupied HU | 529 ( 8.2%) |
| Vacant Housing Units | 2,843 (44.1%) |
| Median Home Value | $375,000 |
| Average Home Value | $480,244 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
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Nearby investment properties with comparable prices
Listed by: Pete Platte • Gaslight Group Properties
Mls Name: Northern Michigan MLS
Mls Provider:
Mls ID: #473405
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.