201 Dewitt Ln APT 204Spring 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
Investment property for sale in Spring Lake at 201 Dewitt Ln APT 204, Spring Lake, MI, 49456 uses $39,780 cash to close to unlock $1,332/yr annual cash flow and $111/mo monthly cash flow. Total monthly income runs $902/mo, and a $587/mo payment keeps the spread at $111/mo. Purchase price stands at $120,000, and rental yield measures 9.02% with $902/mo rent. Return on cash invested shows 23.26% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 121.32% and total cumulative return in cash records $48,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $902/mo property income covering a $587/mo payment rather than investor’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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Listed by: N/A • N/A
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