302 River St, Spring Lake, MI, 49456 | $1,610/mo Cash Flow

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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

Rental property for sale in Spring Lake at 302 River St, Spring Lake, MI, 49456 offers $4,188/mo rent that, after a $1,853/mo payment, leaves $1,610/mo cash flow. Total monthly income is $4,188/mo, and annual cash flow is $19,322/yr on $125,473 cash. Return on cash invested measures 35.31% in year one, and rental yield stands at 13.28% at a $378,500 entry. Equity gained on principal adds $2,442/yr while 5% annual appreciation compounds into $104,573 by year five. Five-year ROI records 186.26% and total cumulative return in cash reaches $233,710. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,188/mo property income versus a $1,853/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1915

9,147 sqft 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