9685 Spartan LnSpringportMI49284
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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 Springport at 9685 Spartan Ln, Springport, MI, 49284 earns $137/mo cash flow from $928/mo rent with a $587/mo payment. Total monthly income totals $928/mo, and annual cash flow totals $1,644/yr on $39,780 capital. ROI tracks 24.04% on current figures, and rental yield reads 9.28% at a $120,000 purchase. Equity gained on principal adds $774/yr, and 5% annual appreciation supports $33,154 over five years. Five-year ROI reaches 125.51% and total cumulative return in cash sums $49,927. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $928/mo property income instead of your personal income.
Single Family
Built in 1995
1.51 Acres 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: RHONDA K. MILES • C-21 Affiliated - Jackson
Mls Name: MichRIC
Mls ID: #25044065