749 Wilson RdSpring 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
Rental property for sale in Spring Lake at 749 Wilson Rd, Spring Lake, MI, 49456 priced at $105,000 converts $1,701/mo rent into $1,009/mo cash flow after a $514/mo obligation. Total monthly income equals $1,701/mo, and annual cash flow totals $12,102/yr on $34,808 invested. Return on cash invested prints 54.68% in year one, and rental yield reads 19.44% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 289.91% and total cumulative return in cash sums $100,910. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,701/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1930
0.60 Acres 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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Nearby investment properties with comparable prices
Listed by: Scott Fader • Joseph Walter Realty LLC
Mls Name: MiRealSource
Mls ID: #50184022