8659 Narrow Lake RdSpringportMI49284
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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 Springport at 8659 Narrow Lake Rd, Springport, MI, 49284 listed at $139,900 pairs $1,705/mo rent with a $685/mo payment to leave $782/mo cash flow. Total monthly income runs $1,705/mo, and annual cash flow reaches $9,386/yr on $46,377 cash to close. Return on cash invested measures 40.15% in year one, and rental yield registers 14.62% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 212% and total cumulative return in cash totals $98,319. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,705/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49284, Springport, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,110 (72.8%) |
| Renter Occupied HU | 182 (11.9%) |
| Vacant Housing Units | 233 (15.3%) |
| Median Home Value | $235,061 |
| Average Home Value | $285,342 |
Housing Distribution
Address Breakdown
Residential
1,174
Single Family
1,174
Multi-Family
0
Businesses
54
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Listed by: Kelly Miller • Ross & Associates Realtors, LLC
Mls Name: Greater Lansing AOR
Mls ID: #291275