2908 Rennells RdSpring LakeMI49456
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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 Spring Lake at 2908 Rennells Rd, Spring Lake, MI, 49456 at $475,000 posts ROI 17.41% with from $2,804/mo rent. Total monthly income equals $2,804/mo. Return on cash invested measures 17.41% and rental yield reads 7.08% at the current $475,000. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 by year five. Five-year ROI prints 89.96% and total cumulative return in cash totals $141,655. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,804/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
1.33 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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Nearby investment properties with comparable prices
Listed by: Scott C Harestad • Greenridge Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25016695
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.