625 S McConnell RdHarrisvilleMI48740
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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 625 S McConnell Rd, Harrisville, MI, 48740 uses $76,245 cash to close to unlock $1,812/yr annual cash flow and $151/mo monthly cash flow. Total monthly income runs $1,668/mo, and a $1,126/mo payment keeps the spread at $151/mo. Purchase price stands at $230,000, and rental yield measures 8.7% with $1,668/mo rent. Return on cash invested shows 22.29% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 116.1% and total cumulative return in cash records $88,519. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,668/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5 Acres 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: Gavin A Homer • eXp Realty LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25021049
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.