6120 Burgess DrSpring 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 6120 Burgess Dr, Spring Lake, MI, 49456 uses $113,738 cash to close to unlock $1,701/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $2,404/mo, and a $1,679/mo payment keeps the spread at $142/mo. Purchase price stands at $343,100, and rental yield measures 8.41% with $2,404/mo rent. Return on cash invested shows 21.4% in year one, and 5% annual appreciation builds toward $94,792 over five years. Five-year ROI reaches 111.39% and total cumulative return in cash records $126,692. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,404/mo property income covering a $1,679/mo payment rather than investor’s personal income.
Townhouse
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: N/A • N/A
Mls Name: Interra Homes
Mls ID: #N/A