83 Viking Dr NW #83SpartaMI49345
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
Investment property for sale in Sparta at 83 Viking Dr NW #83, Sparta, MI, 49345 earns from $1,015/mo rent with a $636/mo payment. Total monthly income totals $1,015/mo. ROI tracks 5.81% on current figures, and rental yield reads 9.38% at a $129,900 purchase. Equity gained on principal adds $838/yr, and 5% annual appreciation supports $35,889 over five years. Five-year ROI reaches 34.6% and total cumulative return in cash sums $14,899. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,015/mo property income instead of your personal income.
Manufactured
Built in 2023
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
