18716 Sioux 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
Rental property for sale in Spring Lake at 18716 Sioux Dr, Spring Lake, MI, 49456 generates $3,223/mo in rent, after a $3,108/mo payment. Total monthly income is $3,223/mo. Return on cash invested sits at 14.5% in year one, and rental yield is 6.09% on a $635,000 entry. Equity gained on principal adds $4,098/yr, while 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 74.34% and total cumulative return in cash sums $155,300. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,223/mo property income rather than buyer’s personal income.
Single Family
Built in 1997
0.48 Acres lot
$N/A/sqft
$50 annually 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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Nearby investment properties with comparable prices
Listed by: Sarah Riehl • Five Star Real Estate Whitehall
Mls Name: MichRIC
Mls Provider:
Mls ID: #25045385
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.