17922 Hidden Dunes Ln UNIT ASpring 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 17922 Hidden Dunes Ln UNIT A, Spring Lake, MI, 49456 offers a 7.49% rental yield on a $335,000 purchase with $2,092/mo rent. 15% in year one. Equity gained on principal adds $2,162/yr while 5% annual appreciation supports $92,554 over five years. Portfolio math shows five-year ROI at 84.15% and total cumulative return in cash at $93,452. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,092/mo property income against a $1,640/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
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 |
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: Michael T Moelker • RE/MAX of Grand Rapids (Stndl)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25013041
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.