809 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
Investment property for sale in Harbor Springs at 809 Fairways Dr, Harbor Springs, MI, 49740 offers a 4.02% rental yield on a $789,000 purchase with $2,640/mo rent. 21% in year one. Equity gained on principal adds $5,091/yr while 5% annual appreciation supports $217,986 over five years. Portfolio math shows five-year ROI at 40.61% and total cumulative return in cash at $105,406. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $3,862/mo payment rather than investor’s personal income documents like W2s, Salary slips, and 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 Provider:
Mls ID: #476447
Disclaimer: Copyright Northern Michigan MLS (NM-MLSX). All rights reserved. Information is deemed reliable but not guaranteed.