The Aspen Plan, The Villas at Spring Lake CCSpring 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
Rental property for sale in Spring Lake at The Aspen Plan, The Villas at Spring Lake CC, Spring Lake, MI, 49456 offers $4,481/mo rent that, after a $2,315/mo payment, leaves $1,362/mo cash flow. Total monthly income is $4,481/mo, and annual cash flow is $16,343/yr on $156,800 cash. Return on cash invested measures 30.33% in year one, and rental yield stands at 11.37% at a $473,000 entry. Equity gained on principal adds $3,052/yr while 5% annual appreciation compounds into $130,681 by year five. Five-year ROI records 159.25% and total cumulative return in cash reaches $249,711. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,481/mo property income versus a $2,315/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2024
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: Christine Wade • Eastbrook Homes Inc.
Mls Name: Eastbrook Homes
Mls Provider:
Mls ID: #N/A