920 W Savidge St #6Spring 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 920 W Savidge St #6, Spring Lake, MI, 49456 listed at $539,900 pairs $3,428/mo rent with a $2,643/mo payment. Total monthly income runs $3,428/mo. Return on cash invested measures 19.16% in year one, and rental yield registers 7.62% at a $539,900 basis. Equity gained on principal adds $3,484/yr, and annual property appreciation at 5% supports $149,164 by year five. Five-year ROI tracks 99.37% and total cumulative return in cash totals $176,503. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,428/mo property income relative to a $2,643/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2017
N/A 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: Christopher J Peel • Greenridge Realty
Mls Name: MichRIC
Mls ID: #26001901