124 Toby Rd NWSpartaMI49345
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
Investment Highlights
Investment property for sale in Sparta at 124 Toby Rd NW, Sparta, MI, 49345 at $534,900 posts ROI 7.66% with from $1,709/mo rent. Total monthly income equals $1,709/mo. Return on cash invested measures 7.66% and rental yield reads 3.83% at the current $534,900. Equity gained on principal adds $3,452/yr, and 5% annual appreciation supports $147,783 by year five. Five-year ROI prints 37.67% and total cumulative return in cash totals $66,297. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,709/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
1.55 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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