6118 Burgess Dr #11Spring LakeMI49456
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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 Spring Lake at 6118 Burgess Dr #11, Spring Lake, MI, 49456 earns $94/mo cash flow from $2,375/mo rent with a $1,693/mo payment. Total monthly income totals $2,375/mo, and annual cash flow totals $1,128/yr on $114,666 capital. ROI tracks 20.89% on current figures, and rental yield reads 8.24% at a $345,900 purchase. Equity gained on principal adds $2,232/yr, and 5% annual appreciation supports $95,566 over five years. Five-year ROI reaches 108.63% and total cumulative return in cash sums $124,559. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,375/mo property income instead of your personal income.
Condo
Built in 2025
N/A 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
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Listed by: Wendy A Harp • Granger Group Property Sales
Mls Name: MichRIC
Mls ID: #26000316