5989 Harvey StHaslettMI48840
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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 Haslett at 5989 Harvey St, Haslett, MI, 48840 priced at $131,900 converts $1,699/mo rent into $829/mo cash flow after a $646/mo obligation. Total monthly income equals $1,699/mo, and annual cash flow totals $9,945/yr on $43,725 invested. Return on cash invested prints 42.65% in year one, and rental yield reads 15.46% against a $131,900 entry. Equity gained on principal adds $851/yr, while 5% annual appreciation compiles into $36,442 by year five. Five-year ROI reaches 225.37% and total cumulative return in cash sums $98,543. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,699/mo property income covering a $646/mo payment, not borrower’s personal income.
Single Family
Built in 1942
6,098 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: David E Nichols • Keller Williams Realty Lansing-East
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #285294
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2023 Greater Lansing Association of REALTORS