827 E Savidge StSpring 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 827 E Savidge St, Spring Lake, MI, 49456 listed at $494,900 pairs $2,976/mo rent with a $2,422/mo payment. Total monthly income runs $2,976/mo. Return on cash invested measures 17.81% in year one, and rental yield registers 7.22% at a $494,900 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,732 by year five. Five-year ROI tracks 92.1% and total cumulative return in cash totals $151,107. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,976/mo property income relative to a $2,422/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1954
0.75 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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Listed by: Sandi L Gentry • RE/MAX Lakeshore
Mls Name: MichRIC
Mls ID: #25046456