15762 Prospect Point DrSpring LakeMI49456
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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
Investment property for sale in Spring Lake at 15762 Prospect Point Dr, Spring Lake, MI, 49456 earns from $2,994/mo rent with a $4,111/mo payment. Total monthly income totals $2,994/mo. ROI tracks 9.01% on current figures, and rental yield reads 4.28% at a $840,000 purchase. Equity gained on principal adds $5,420/yr, and 5% annual appreciation supports $232,077 over five years. Five-year ROI reaches 44.89% and total cumulative return in cash sums $124,058. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,994/mo property income instead of your personal income.
Condo
Built in 1978
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
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Listed by: Robert Jay Rands • Platinum Realty Group Lakeshore LLC
Mls Name: MichRIC
Mls ID: #25056784