208 Barber StSpring LakeMI49456
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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 208 Barber St, Spring Lake, MI, 49456 priced at $341,300 converts $2,166/mo rent into after a $1,670/mo obligation. Total monthly income equals $2,166/mo. Return on cash invested prints 19.02% in year one, and rental yield reads 7.62% against a $341,300 entry. Equity gained on principal adds $2,202/yr, while 5% annual appreciation compiles into $94,295 by year five. Five-year ROI reaches 98.58% and total cumulative return in cash sums $111,534. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,166/mo property income covering a $1,670/mo payment, not borrower’s personal income.
Single Family
Built in N/A
8,581 sqft 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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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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