15007 Hickory StSpring LakeMI49456
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 Spring Lake at 15007 Hickory St, Spring Lake, MI, 49456 earns $1,731/mo cash flow from $5,028/mo rent with a $2,447/mo payment. Total monthly income totals $5,028/mo, and annual cash flow totals $20,774/yr on $165,717 capital. ROI tracks 32.44% on current figures, and rental yield reads 12.07% at a $499,900 purchase. Equity gained on principal adds $3,226/yr, and 5% annual appreciation supports $138,113 over five years. Five-year ROI reaches 170.62% and total cumulative return in cash sums $282,744. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,028/mo property income instead of your personal income.
Single Family
Built in 2001
1.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49456, Spring Lake, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,935 (100%) |
| Owner Occupied HU | 7,221 (72.7%) |
| Renter Occupied HU | 1,752 (17.6%) |
| Vacant Housing Units | 962 ( 9.7%) |
| Median Home Value | $380,316 |
| Average Home Value | $448,608 |
Housing Distribution
Address Breakdown
Residential
9,324
Single Family
8,560
Multi-Family
764
Businesses
493
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Listed by: Stephanie Dahlquist • RE/MAX West
Mls Name: MichRIC
Mls Provider:
Mls ID: #24048018
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.