13910 Olin Lakes DrSpartaMI49345
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
Rental property for sale in Sparta at 13910 Olin Lakes Dr, Sparta, MI, 49345 generates $1,822/mo in rent and, after a $1,321/mo payment, leaves $42/mo in cash flow. Total monthly income is $1,822/mo, and annual cash flow is $506/yr on $89,472 invested. Return on cash invested sits at 20.47% in year one, and rental yield is 8.1% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 106.46% and total cumulative return in cash sums $95,250. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,822/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
1.01 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
