581 Cumings Ct NWSpartaMI49345
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 Sparta at 581 Cumings Ct NW, Sparta, MI, 49345 with 5% annual appreciation on a $549,000 basis while $4,778/mo rent supports operations. Total monthly income totals $4,778/mo and a $2,687/mo payment preserves $1,158/mo for cash returns. Annual cash flow comes to $13,892/yr on $180,621 deployed, and return on cash invested reaches 27.75% in year one. Equity gained on principal adds $3,543/yr, and five-year appreciation sums $151,679 alongside rental yield of 10.44%. Five-year ROI measures 145.4% and total cumulative return in cash totals $262,616.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,778/mo property income versus a $2,687/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2017
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49345, Sparta, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,478 (100%) |
| Owner Occupied HU | 4,521 (82.5%) |
| Renter Occupied HU | 800 (14.6%) |
| Vacant Housing Units | 157 ( 2.9%) |
| Median Home Value | $330,262 |
| Average Home Value | $362,473 |
Housing Distribution
Address Breakdown
Residential
5,414
Single Family
5,106
Multi-Family
308
Businesses
339
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
