12700 Pennington Ave NESpartaMI49345
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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
Investment property for sale in Sparta at 12700 Pennington Ave NE, Sparta, MI, 49345 uses $115,992 cash to close to unlock $8,498/yr annual cash flow and $708/mo monthly cash flow. Total monthly income runs $3,016/mo, and a $1,713/mo payment keeps the spread at $708/mo. Purchase price stands at $349,900, and rental yield measures 10.34% with $3,016/mo rent. Return on cash invested shows 27.24% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 142.7% and total cumulative return in cash records $165,522. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,016/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
2.07 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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