6907 Harvard LnCantonMI48187
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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 Canton at 6907 Harvard Ln, Canton, MI, 48187 generates $1,554/mo in rent and, after a $950/mo payment, leaves $274/mo in cash flow. Total monthly income is $1,554/mo, and annual cash flow is $3,290/yr on $64,311 invested. Return on cash invested sits at 25.03% in year one, and rental yield is 9.61% on a $194,000 entry. Equity gained on principal adds $1,252/yr, while 5% annual appreciation builds toward $53,599 over five years. Five-year ROI reaches 130.87% and total cumulative return in cash sums $84,164. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,554/mo property income rather than buyer’s personal income.
Townhouse
Built in 1972
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48187, Canton, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,148 (100%) |
| Owner Occupied HU | 14,461 (68.4%) |
| Renter Occupied HU | 5,520 (26.1%) |
| Vacant Housing Units | 1,167 ( 5.5%) |
| Median Home Value | $341,856 |
| Average Home Value | $384,903 |
Housing Distribution
Address Breakdown
Residential
21,050
Single Family
18,169
Multi-Family
2,881
Businesses
1,577
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