899 S State RdHarbor SpringsMI49740
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 899 S State Rd, Harbor Springs, MI, 49740 offers a 2.8% rental yield on a $1,250,000 purchase with $2,912/mo rent. 57% in year one. Equity gained on principal adds $8,066/yr while 5% annual appreciation supports $345,352 over five years. Portfolio math shows five-year ROI at 21.05% and total cumulative return in cash at $85,261. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,912/mo property income against a $6,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
33.91 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 |
Housing Distribution
Address Breakdown
Residential
4,857
Single Family
4,689
Multi-Family
168
Businesses
499
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trish Hartwick • Coldwell Banker Schmidt - Petoskey
Mls Name: Northern Michigan MLS
Mls ID: #478449