16710 152nd AveSpring 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 16710 152nd Ave, Spring Lake, MI, 49456 offers a 8.53% rental yield on a $315,000 purchase with $2,239/mo rent. Total monthly income registers $2,239/mo, and a $1,542/mo payment leaves $162/mo available for distribution. Annual cash flow reaches $1,938/yr on $104,423 to close, and return on cash invested stands at 21.76% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 113.33% and total cumulative return in cash at $118,337. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,239/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.25 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: Daniel Curtis Hendrick • Berkshire Hathaway HomeServices Clyde Hendrick
Mls Name: MichRIC
Mls ID: #25034710