11904 N Division AveSpartaMI49345
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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 Sparta at 11904 N Division Ave, Sparta, MI, 49345 generates $3,514/mo in rent and, after a $563/mo payment, leaves $2,756/mo in cash flow. Total monthly income is $3,514/mo, and annual cash flow is $33,066/yr on $38,123 invested. Return on cash invested sits at 106.65% in year one, and rental yield is 36.67% on a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 568.54% and total cumulative return in cash sums $216,741. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,514/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49345, Sparta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,478 (100%) |
| Owner Occupied HU | 4,521 (82.5%) |
| Renter Occupied HU | 800 (14.6%) |
| Vacant Housing Units | 157 ( 2.9%) |
| Median Home Value | $330,262 |
| Average Home Value | $362,473 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,106
Multi-Family
308
Businesses
339
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