2640 Berkley Ct NESpartaMI49345
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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
Investment Highlights
Investment property for sale in Sparta at 2640 Berkley Ct NE, Sparta, MI, 49345 offers a 9.14% rental yield on a $459,000 purchase with $3,497/mo rent. Total monthly income registers $3,497/mo, and a $2,247/mo payment leaves $433/mo available for distribution. Annual cash flow reaches $5,192/yr on $152,159 to close, and return on cash invested stands at 23.32% in year one. Equity gained on principal adds $2,962/yr while 5% annual appreciation supports $126,813 over five years. Portfolio math shows five-year ROI at 121.78% and total cumulative return in cash at $185,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,497/mo property income against a $2,247/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
1.20 Acres lot
$N/A/sqft
$37 monthly 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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