108 Millpoint Dr #8Spring LakeMI49456
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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 Spring Lake at 108 Millpoint Dr #8, Spring Lake, MI, 49456 priced at $425,000 pairs $2,238/mo rent with after a $2,080/mo payment. Total monthly income equals $2,238/mo. Return on cash invested is 12.33% in year one, and rental yield stands at 6.32% on a $425,000 basis. Equity gained on principal adds $2,742/yr, and 5% annual appreciation accumulates to $117,420 by year five. Five-year ROI measures 63.75% and total cumulative return in cash reaches $89,813. For financing, Ziffy Mortgage’s DSCR program evaluates $2,238/mo property income against a $2,080/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1998
1.81 Acres lot
$N/A/sqft
$325 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49456, Spring Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,935 (100%) |
| Owner Occupied HU | 7,221 (72.7%) |
| Renter Occupied HU | 1,752 (17.6%) |
| Vacant Housing Units | 962 ( 9.7%) |
| Median Home Value | $380,316 |
| Average Home Value | $448,608 |
Housing Distribution
Address Breakdown
Residential
9,324
Single Family
8,560
Multi-Family
764
Businesses
493
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Listed by: Skylar Pratt • Real Estate West
Mls Name: MichRIC
Mls Provider:
Mls ID: #25010569
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.