992 Springwood DrPrudenvilleMI48651
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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 Prudenville at 992 Springwood Dr, Prudenville, MI, 48651 listed at $219,900 pairs $1,422/mo rent with a $1,076/mo payment. Total monthly income runs $1,422/mo. Return on cash invested measures 19.45% in year one, and rental yield registers 7.76% at a $219,900 basis. Equity gained on principal adds $1,419/yr, and annual property appreciation at 5% supports $60,754 by year five. Five-year ROI tracks 100.98% and total cumulative return in cash totals $73,612. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,422/mo property income relative to a $1,076/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48651, Prudenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,094 (100%) |
| Owner Occupied HU | 1,832 (44.7%) |
| Renter Occupied HU | 480 (11.7%) |
| Vacant Housing Units | 1,782 (43.5%) |
| Median Home Value | $208,261 |
| Average Home Value | $247,688 |
Housing Distribution
Address Breakdown
Residential
2,693
Single Family
2,621
Multi-Family
72
Businesses
165
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Listed by: Brian Lackey • Midge & Co-Luxury Lakefront Homes
Mls Name: WWMLS
Mls ID: #201836056