804 Fairways Dr, Harbor Springs, MI, 49740 | $4,366/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

Rental property for sale in Harbor Springs at 804 Fairways Dr, Harbor Springs, MI, 49740 priced at $773,000 converts $9,463/mo rent into $4,366/mo cash flow after a $3,783/mo obligation. Total monthly income equals $9,463/mo, and annual cash flow totals $52,391/yr on $254,317 invested. Return on cash invested prints 40.66% in year one, and rental yield reads 14.69% against a $773,000 entry. Equity gained on principal adds $4,988/yr, while 5% annual appreciation compiles into $213,566 by year five. Five-year ROI reaches 214.62% and total cumulative return in cash sums $545,811. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $9,463/mo property income covering a $3,783/mo payment, not borrower’s personal income.

Condo

Built in N/A

N/A 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