6880 Middle Channel DrHarsens IslandMI48028
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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
Rental property for sale in Harsens Island at 6880 Middle Channel Dr, Harsens Island, MI, 48028 generates $2,053/mo in rent, after a $2,516/mo payment. Total monthly income is $2,053/mo. Return on cash invested sits at 10.57% in year one, and rental yield is 4.79% on a $514,000 entry. Equity gained on principal adds $3,317/yr, while 5% annual appreciation builds toward $142,009 over five years. Five-year ROI reaches 53.31% and total cumulative return in cash sums $90,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,053/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48028, Harsens Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 477 (29.9%) |
| Renter Occupied HU | 28 ( 1.8%) |
| Vacant Housing Units | 1,091 (68.4%) |
| Median Home Value | $393,852 |
| Average Home Value | $421,226 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
39
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