The Rosemary 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 Rosemary Plan, The Villas at Spring Lake CC, Spring Lake, MI, 49456 priced at $540,000 pairs $6,272/mo rent with $2,711/mo cash flow after a $2,643/mo payment. Total monthly income equals $6,272/mo, and annual cash flow comes to $32,532/yr on $177,660 invested. Return on cash invested is 38.37% in year one, and rental yield stands at 13.94% on a $540,000 basis. Equity gained on principal adds $3,485/yr, and 5% annual appreciation accumulates to $149,192 by year five. Five-year ROI measures 202.35% and total cumulative return in cash reaches $359,486. For financing, Ziffy Mortgage’s DSCR program evaluates $6,272/mo property income against a $2,643/mo payment instead of your W2s, 1099s, or 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