8728 Lake DrSpringportMI49284
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 Springport at 8728 Lake Dr, Springport, MI, 49284 offers a 16.05% rental yield on a $105,900 purchase with $1,416/mo rent. Total monthly income registers $1,416/mo, and a $518/mo payment leaves $718/mo available for distribution. Annual cash flow reaches $8,616/yr on $35,106 to close, and return on cash invested stands at 44.45% in year one. Equity gained on principal adds $683/yr while 5% annual appreciation supports $29,258 over five years. Portfolio math shows five-year ROI at 234.99% and total cumulative return in cash at $82,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,416/mo property income against a $518/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
3,920 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: David Reynolds • RE/MAX Hometown
Mls Name: Greater Lansing AOR
Mls ID: #291272