209 Douglas CtSpring 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 209 Douglas Ct, Spring Lake, MI, 49456 priced at $369,900 pairs $2,513/mo rent with $74/mo cash flow after a $1,810/mo payment. Total monthly income equals $2,513/mo, and annual cash flow comes to $890/yr on $122,622 invested. Return on cash invested is 20.63% in year one, and rental yield stands at 8.15% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 107.29% and total cumulative return in cash reaches $131,566. For financing, Ziffy Mortgage’s DSCR program evaluates $2,513/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
0.35 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: Noel Berg • HomeRealty, LLC
Mls Name: MichRIC
Mls ID: #25046139