16594 Stark RdSpringportMI49284
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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 Springport at 16594 Stark Rd, Springport, MI, 49284 uses $71,273 cash to close to unlock $7,830/yr annual cash flow and $653/mo monthly cash flow. Total monthly income runs $2,070/mo, and a $1,052/mo payment keeps the spread at $653/mo. Purchase price stands at $215,000, and rental yield measures 11.55% with $2,070/mo rent. Return on cash invested shows 30.89% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 162.29% and total cumulative return in cash records $115,669. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,070/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1910
1.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49284, Springport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,110 (72.8%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 233 (15.3%) |
| Median Home Value | $235,061 |
| Average Home Value | $285,342 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,174
Multi-Family
0
Businesses
54
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Listed by: Joanna Smith • EXIT REALTY 1ST LLC
Mls Name: MichRIC
Mls ID: #25047518