203 Martindale St NWSpartaMI49345
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 Sparta at 203 Martindale St NW, Sparta, MI, 49345 priced at $255,000 pairs $1,891/mo rent with $210/mo cash flow after a $1,248/mo payment. Total monthly income equals $1,891/mo, and annual cash flow comes to $2,514/yr on $84,533 invested. Return on cash invested is 22.88% in year one, and rental yield stands at 8.9% on a $255,000 basis. Equity gained on principal adds $1,645/yr, and 5% annual appreciation accumulates to $70,452 by year five. Five-year ROI measures 119.35% and total cumulative return in cash reaches $100,892. For financing, Ziffy Mortgage’s DSCR program evaluates $1,891/mo property income against a $1,248/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49345, Sparta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,478 (100%) |
| Owner Occupied HU | 4,521 (82.5%) |
| Renter Occupied HU | 800 (14.6%) |
| Vacant Housing Units | 157 ( 2.9%) |
| Median Home Value | $330,262 |
| Average Home Value | $362,473 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,106
Multi-Family
308
Businesses
339
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