8913 Horseshoe Dr, Harbor Springs, MI, 49740 | $579/mo Cash Flow

For Sale

Ziffy Mortgage

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 8913 Horseshoe Dr, Harbor Springs, MI, 49740 listed at $699,900 pairs $5,195/mo rent with a $3,426/mo payment to leave $579/mo cash flow. Total monthly income runs $5,195/mo, and annual cash flow reaches $6,950/yr on $230,267 cash to close. Return on cash invested measures 23.08% in year one, and rental yield registers 8.91% at a $699,900 basis. Equity gained on principal adds $4,516/yr, and annual property appreciation at 5% supports $193,369 by year five. Five-year ROI tracks 120.35% and total cumulative return in cash totals $277,136. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,195/mo property income relative to a $3,426/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1999

2.40 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