921 State StHarbor 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 921 State St, Harbor Springs, MI, 49740 earns $499/mo cash flow from $3,136/mo rent with a $1,957/mo payment. Total monthly income totals $3,136/mo, and annual cash flow totals $5,990/yr on $132,567 capital. ROI tracks 24.43% on current figures, and rental yield reads 9.41% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 127.63% and total cumulative return in cash sums $169,196. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,136/mo property income instead of your personal income.
Single Family
Built in 1957
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: Connie O'neill • Graham Real Estate
Mls Name: Northern Michigan MLS
Mls ID: #478121