201 Dewitt Ln APT 217Spring 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 201 Dewitt Ln APT 217, Spring Lake, MI, 49456 earns from $1,004/mo rent with a $624/mo payment. Total monthly income totals $1,004/mo. ROI tracks 4.39% on current figures, and rental yield reads 9.45% at a $127,500 purchase. Equity gained on principal adds $823/yr, and 5% annual appreciation supports $35,226 over five years. Five-year ROI reaches 27.53% and total cumulative return in cash sums $11,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,004/mo property income instead of your personal income.
Condo
Built in 1998
3.58 Acres lot
$N/A/sqft
$710 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
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Nearby investment properties with comparable prices
Listed by: Randall Wolber • Simple Fee Listings
Mls Name: MichRIC
Mls Provider:
Mls ID: #25011827
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.