13495 Sibley RdSpringportMI49284
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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
Total monthly income runs $1,358/mo, and a $3,082/mo payment. Purchase price stands at $629,750, and rental yield measures 2.59% with $1,358/mo rent. Return on cash invested shows 3.87% in year one, and 5% annual appreciation builds toward $173,988 over five years. Five-year ROI reaches 17.37% and total cumulative return in cash records $35,992. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,358/mo property income covering a $3,082/mo payment rather than investor’s personal income.
Manufactured
Built in 1986
229.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49284, Springport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,110 (72.8%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 233 (15.3%) |
| Median Home Value | $235,061 |
| Average Home Value | $285,342 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,174
Multi-Family
0
Businesses
54
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Listed by: Casey Rundquist • Michigan Woods & Waterfront Properties LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24039994
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.