234 River St, Spring Lake, MI, 49456 | $525/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Spring Lake at 234 River St, Spring Lake, MI, 49456 uses $91,196 cash to close to unlock $6,304/yr annual cash flow and $525/mo monthly cash flow. Total monthly income runs $2,339/mo, and a $1,346/mo payment keeps the spread at $525/mo. Purchase price stands at $275,100, and rental yield measures 10.2% with $2,339/mo rent. Return on cash invested shows 26.82% in year one, and 5% annual appreciation builds toward $76,005 over five years. Five-year ROI reaches 140.47% and total cumulative return in cash records $128,106. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,339/mo property income covering a $1,346/mo payment rather than investor’s personal income.

Single Family

Built in 1975

0.45 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