17583 Park Place Cir, Spring Lake, MI, 49456 | $1,122/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spring Lake at 17583 Park Place Cir, Spring Lake, MI, 49456 listed at $367,000 pairs $3,772/mo rent with a $1,796/mo payment to leave $1,122/mo cash flow. Total monthly income runs $3,772/mo, and annual cash flow reaches $13,465/yr on $121,661 cash to close. Return on cash invested measures 30.98% in year one, and rental yield registers 12.33% at a $367,000 basis. Equity gained on principal adds $2,368/yr, and annual property appreciation at 5% supports $101,395 by year five. Five-year ROI tracks 163.58% and total cumulative return in cash totals $199,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,772/mo property income relative to a $1,796/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1996

N/A lot

$N/A/sqft

$230 monthly 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