15330 Krueger St UNIT 19Spring 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 15330 Krueger St UNIT 19, Spring Lake, MI, 49456 offers a 9.17% rental yield on a $174,900 purchase with $1,337/mo rent. Total monthly income registers $1,337/mo, and a $856/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,204/yr on $57,979 to close, and return on cash invested stands at 23.71% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,322 over five years. Portfolio math shows five-year ROI at 123.77% and total cumulative return in cash at $71,760. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,337/mo property income against a $856/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1986
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick Clark • Greenridge Realty
Mls Name: MichRIC
Mls ID: #25050728