807 Fairways DrHarbor SpringsMI49740
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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 Harbor Springs at 807 Fairways Dr, Harbor Springs, MI, 49740 priced at $775,000 pairs $3,853/mo rent with after a $3,793/mo payment. Total monthly income equals $3,853/mo. Return on cash invested is 14.14% in year one, and rental yield stands at 5.97% on a $775,000 basis. Equity gained on principal adds $5,001/yr, and 5% annual appreciation accumulates to $214,118 by year five. Five-year ROI measures 72.42% and total cumulative return in cash reaches $184,651. For financing, Ziffy Mortgage’s DSCR program evaluates $3,853/mo property income against a $3,793/mo payment instead of your W2s, 1099s, or Tax returns.
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 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
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Listed by: William Winslow • Coldwell Banker Schmidt- Harbor Springs
Mls Name: Northern Michigan MLS
Mls ID: #476446