685 Harrison StHarbor SpringsMI49740
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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 Harbor Springs at 685 Harrison St, Harbor Springs, MI, 49740 at $299,900 posts ROI 23.34% with $284/mo cash flow from $2,262/mo rent. Total monthly income equals $2,262/mo, and annual cash flow records $3,410/yr on $99,417 to close. Return on cash invested measures 23.34% and rental yield reads 9.05% at the current $299,900. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 by year five. Five-year ROI prints 121.81% and total cumulative return in cash totals $121,096.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,262/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49740, Harbor Springs, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,444 (100%) |
| Owner Occupied HU | 3,072 (47.7%) |
| Renter Occupied HU | 529 ( 8.2%) |
| Vacant Housing Units | 2,843 (44.1%) |
| Median Home Value | $375,000 |
| Average Home Value | $480,244 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
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Nearby investment properties with comparable prices
Listed by: Will Baker • Graham Real Estate
Mls Name: Northern Michigan MLS
Mls ID: #478271