4987 Spring Ridge Dr NEAdaMI49301
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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
Total monthly income runs $6,551/mo, and a $5,824/mo payment. Purchase price stands at $1,190,000, and rental yield measures 6.61% with $6,551/mo rent. Return on cash invested shows 12.29% in year one, and 5% annual appreciation builds toward $328,775 over five years. Five-year ROI reaches 63.89% and total cumulative return in cash records $246,340. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $6,551/mo property income covering a $5,824/mo payment rather than investor’s personal income.
Single Family
Built in 2003
5.64 Acres lot
$N/A/sqft
$1,300 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49301, Ada, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,179 (100%) |
| Owner Occupied HU | 6,469 (90.1%) |
| Renter Occupied HU | 468 ( 6.5%) |
| Vacant Housing Units | 242 ( 3.4%) |
| Median Home Value | $522,633 |
| Average Home Value | $592,513 |
Housing Distribution
Address Breakdown
Residential
7,285
Single Family
7,076
Multi-Family
209
Businesses
611
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