7123 Rapson RdHarbor BeachMI48441
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Harbor Beach at 7123 Rapson Rd, Harbor Beach, MI, 48441 offers $896/mo rent that, after a $582/mo payment, leaves $112/mo cash flow. Total monthly income is $896/mo, and annual cash flow is $1,340/yr on $39,449 cash. Return on cash invested measures 23.31% in year one, and rental yield stands at 9.04% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 121.6% and total cumulative return in cash reaches $47,969. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $896/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48441, Harbor Beach, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,171 (100%) |
| Owner Occupied HU | 1,377 (63.4%) |
| Renter Occupied HU | 292 (13.5%) |
| Vacant Housing Units | 502 (23.1%) |
| Median Home Value | $174,589 |
| Average Home Value | $232,275 |
Housing Distribution
Address Breakdown
Residential
1,875
Single Family
1,790
Multi-Family
85
Businesses
122
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Listed by: Mike Kohler • Team Sunrise Real Estate Services
Mls Name: RMLS Multi-List
Mls ID: #556-25-0003