6141 Harrison StGarden CityMI48135
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Garden City at 6141 Harrison St, Garden City, MI, 48135 generates $1,011/mo in rent and, after a $636/mo payment, leaves $154/mo in cash flow. Total monthly income is $1,011/mo, and annual cash flow is $1,848/yr on $43,095 invested. Return on cash invested sits at 24.2% in year one, and rental yield is 9.33% on a $129,999 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,916 over five years. Five-year ROI reaches 126.34% and total cumulative return in cash sums $54,446. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,011/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48135, Garden City, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,495 (100%) |
| Owner Occupied HU | 9,122 (79.4%) |
| Renter Occupied HU | 2,013 (17.5%) |
| Vacant Housing Units | 360 ( 3.1%) |
| Median Home Value | $167,366 |
| Average Home Value | $203,939 |
Housing Distribution
Address Breakdown
Residential
11,404
Single Family
10,868
Multi-Family
536
Businesses
590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew Grimm • Real Estate One-Troy
Mls Name: Realcomp II
Mls ID: #20261004426