LOT 39196 56 & 57 Lakeshore DrHarrison TownshipMI48045
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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
Rental property for sale in Harrison Township at LOT 39196 56 & 57 Lakeshore Dr, Harrison Township, MI, 48045 generates $6,150/mo in rent, after a $8,965/mo payment. Total monthly income is $6,150/mo. Return on cash invested sits at 8.38% in year one, and rental yield is 4.03% on a $1,831,618 entry. Equity gained on principal adds $11,819/yr, while 5% annual appreciation builds toward $506,042 over five years. Five-year ROI reaches 41.47% and total cumulative return in cash sums $246,122. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,150/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48045, Harrison Township, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,362 (100%) |
| Owner Occupied HU | 8,181 (66.2%) |
| Renter Occupied HU | 3,402 (27.5%) |
| Vacant Housing Units | 779 ( 6.3%) |
| Median Home Value | $336,322 |
| Average Home Value | $360,409 |
Housing Distribution
Address Breakdown
Residential
12,285
Single Family
10,343
Multi-Family
1,942
Businesses
383
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Listed by: Leah Lafata • Kaiser Realty Group LLC
Mls Name: Realcomp II
Mls ID: #20251013463