201 Dewitt Ln APT 102Spring 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
Rental property for sale in Spring Lake at 201 Dewitt Ln APT 102, Spring Lake, MI, 49456 generates $1,310/mo in rent and, after a $808/mo payment, leaves $222/mo in cash flow. Total monthly income is $1,310/mo, and annual cash flow is $2,658/yr on $54,698 invested. Return on cash invested sits at 24.77% in year one, and rental yield is 9.53% on a $165,000 entry. Equity gained on principal adds $1,065/yr, while 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 129.46% and total cumulative return in cash sums $70,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,310/mo property income rather than buyer’s personal income.
Condo
Built in 1998
3 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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