8503 Sturgeon Bay Dr #LOT, Harbor Springs, MI, 49740 | 5.75% Rental Yield

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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 8503 Sturgeon Bay Dr #LOT, Harbor Springs, MI, 49740 priced at $1,495,000 converts $7,164/mo rent into after a $7,317/mo obligation. Total monthly income equals $7,164/mo. Return on cash invested prints 13.69% in year one, and rental yield reads 5.75% against a $1,495,000 entry. Equity gained on principal adds $9,647/yr, while 5% annual appreciation compiles into $413,041 by year five. Five-year ROI reaches 69.96% and total cumulative return in cash sums $338,893. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $7,164/mo property income covering a $7,317/mo payment, not borrower’s personal income.

Single Family

Built in N/A

0.66 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