S Channel DrHarsens islandMI48028
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find S Channel Dr, Harsens island, MI, 48028 in Harsens island worth modelling. At $198,200 with a 8.67% gross yield, the $1,433/mo rent leaves $126/mo after the $891/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.61 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $54,759 by year five; $1,825/yr in principal reduction adds further equity. Total projected return: $83,672.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.0% |
| Monthly Cash Flow | $126 | $1,200 |
City averages based on Harsens island market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,433 |
| Total Monthly Debt Service | $1,228 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Home Type Unknown
Built in N/A
48.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48028, Harsens Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 477 (29.9%) |
| Renter Occupied HU | 28 ( 1.8%) |
| Vacant Housing Units | 1,091 (68.4%) |
| Median Home Value | $393,852 |
| Average Home Value | $421,226 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
39
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
Home Type Unknown
Built in N/A
48.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48028, Harsens Island, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,596 (100%) |
| Owner Occupied HU | 477 (29.9%) |
| Renter Occupied HU | 28 ( 1.8%) |
| Vacant Housing Units | 1,091 (68.4%) |
| Median Home Value | $393,852 |
| Average Home Value | $421,226 |
Housing Distribution
Address Breakdown
Residential
873
Single Family
873
Multi-Family
0
Businesses
39
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A