7698 Evergreen Ridge Dr, Harbor Springs, MI, 49740 | $2,075/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 Harbor Springs at 7698 Evergreen Ridge Dr, Harbor Springs, MI, 49740 earns $2,075/mo cash flow from $7,014/mo rent with a $3,666/mo payment. Total monthly income totals $7,014/mo, and annual cash flow totals $24,896/yr on $246,421 capital. ROI tracks 30.16% on current figures, and rental yield reads 11.24% at a $749,000 purchase. Equity gained on principal adds $4,833/yr, and 5% annual appreciation supports $206,935 over five years. Five-year ROI reaches 158.34% and total cumulative return in cash sums $390,172. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $7,014/mo property income instead of your personal income.

Single Family

Built in N/A

0.50 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