603 Prospect StHartfordMI49057
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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 Hartford at 603 Prospect St, Hartford, MI, 49057 listed at $139,900 pairs $1,103/mo rent with a $685/mo payment to leave $180/mo cash flow. Total monthly income runs $1,103/mo, and annual cash flow reaches $2,162/yr on $46,377 cash to close. Return on cash invested measures 24.57% in year one, and rental yield registers 9.46% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 128.5% and total cumulative return in cash totals $59,595. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,103/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49057, Hartford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,657 (100%) |
| Owner Occupied HU | 1,639 (61.7%) |
| Renter Occupied HU | 595 (22.4%) |
| Vacant Housing Units | 423 (15.9%) |
| Median Home Value | $145,711 |
| Average Home Value | $209,577 |
Housing Distribution
Address Breakdown
Residential
2,434
Single Family
2,291
Multi-Family
143
Businesses
151
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