15210 Cleveland StSpring LakeMI49456
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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 15210 Cleveland St, Spring Lake, MI, 49456 earns $173/mo cash flow from $2,168/mo rent with a $1,481/mo payment. Total monthly income totals $2,168/mo, and annual cash flow totals $2,073/yr on $100,279 capital. ROI tracks 21.98% on current figures, and rental yield reads 8.6% at a $302,500 purchase. Equity gained on principal adds $1,952/yr, and 5% annual appreciation supports $83,575 over five years. Five-year ROI reaches 114.47% and total cumulative return in cash sums $114,785. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,168/mo property income instead of your personal income.
Single Family
Built in 1930
0.36 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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Nearby investment properties with comparable prices
Listed by: Gina J Vis • HomeRealty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25012992
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.