81 Viking Dr #81SpartaMI49345
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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
Rental property for sale in Sparta at 81 Viking Dr #81, Sparta, MI, 49345 priced at $144,900 pairs $1,101/mo rent with after a $709/mo payment. Total monthly income equals $1,101/mo. Return on cash invested is 6.96% in year one, and rental yield stands at 9.12% on a $144,900 basis. Equity gained on principal adds $935/yr, and 5% annual appreciation accumulates to $40,033 by year five. Five-year ROI measures 39.97% and total cumulative return in cash reaches $19,201. For financing, Ziffy Mortgage’s DSCR program evaluates $1,101/mo property income against a $709/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
$664 monthly 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
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