29510 S Dr NSpringportMI49284
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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 Springport at 29510 S Dr N, Springport, MI, 49284 offers a 0% rental yield on a $187,000 purchase with $0/mo rent. 96% in year one. Equity gained on principal adds $1,207/yr while 5% annual appreciation supports $51,665 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $915/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
4 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49284, Springport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,110 (72.8%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 233 (15.3%) |
| Median Home Value | $235,061 |
| Average Home Value | $285,342 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,174
Multi-Family
0
Businesses
54
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Listed by: Andrew Bayes • Real Estate Warehouse L.L.C.
Mls Name: MichRIC
Mls ID: #25048973