6283 Quarry View Dr, Bay Harbor, MI, 49770 | $2,800/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Bay Harbor at 6283 Quarry View Dr, Bay Harbor, MI, 49770 offers a 36.03% rental yield on a $119,500 purchase with $3,588/mo rent. Total monthly income registers $3,588/mo, and a $585/mo payment leaves $2,800/mo available for distribution. Annual cash flow reaches $33,598/yr on $39,614 to close, and return on cash invested stands at 104.72% in year one. Equity gained on principal adds $771/yr while 5% annual appreciation supports $33,016 over five years. Portfolio math shows five-year ROI at 558.21% and total cumulative return in cash at $221,130. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,588/mo property income against a $585/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Lot

Built in N/A

0.31 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49770, Petoskey, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,448 (100%)
Owner Occupied HU	5,615 (53.7%)
Renter Occupied HU	2,324 (22.2%)
Vacant Housing Units	2,509 (24.0%)
Median Home Value	$336,183
Average Home Value	$446,093