The Spruce 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
Investment property for sale in Spring Lake at The Spruce Plan, The Villas at Spring Lake CC, Spring Lake, MI, 49456 at $514,000 posts ROI 32.96% with $1,817/mo cash flow from $5,207/mo rent. Total monthly income equals $5,207/mo, and annual cash flow records $21,806/yr on $169,106 to close. Return on cash invested measures 32.96% and rental yield reads 12.16% at the current $514,000. Equity gained on principal adds $3,317/yr, and 5% annual appreciation supports $142,009 by year five. Five-year ROI prints 173.32% and total cumulative return in cash totals $293,099.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,207/mo property income rather than your personal income records (W2s, Paystubs, 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