428 E Exchange StSpring LakeMI49456
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 428 E Exchange St, Spring Lake, MI, 49456 at $339,000 posts ROI 24.82% with $460/mo cash flow from $2,695/mo rent. Total monthly income equals $2,695/mo, and annual cash flow records $5,516/yr on $112,379 to close. Return on cash invested measures 24.82% and rental yield reads 9.54% at the current $339,000. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 by year five. Five-year ROI prints 129.7% and total cumulative return in cash totals $145,756.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,695/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
8,276 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 |
Housing Distribution
Address Breakdown
Residential
9,324
Single Family
8,560
Multi-Family
764
Businesses
493
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Linton • Coldwell Banker Woodland Schmidt Grand Haven
Mls Name: MichRIC
Mls ID: #25054228