17401 Baltrusol DrSpring 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 17401 Baltrusol Dr, Spring Lake, MI, 49456 uses $162,402 cash to close to unlock $10,670/yr annual cash flow and $889/mo monthly cash flow. Total monthly income runs $4,120/mo, and a $2,398/mo payment keeps the spread at $889/mo. Purchase price stands at $489,900, and rental yield measures 10.09% with $4,120/mo rent. Return on cash invested shows 26.48% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 138.62% and total cumulative return in cash records $225,125. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,120/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Multi Family
Built in N/A
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: Christine Wade • Eastbrook Homes Inc. - The Villas at Spring Lake CC
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N261390000037
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2024 Nexus MLS. All rights are reserved.