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$540,000

Sale Pending
11411 Sandy Bottom Rd NE, Rockford, MI 49341
4 Beds
2 Baths
2,008 Square Feet
10.91 Acres Lot
Built in 1987
Sale Pending
Units n/a
Checked: 8 hours ago
Updated: Jun 14, 2025 at 03:20AM

Investment Summary


Monthly Cash Flow
-$1,156
Cap Rate
3.7%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.8%

Property Description


10.91 Acres Lot
Built in 1987
Sale Pending
Units n/a

Welcome to 11411 Sandy Bottom Road. This beautiful log home is well cared for, offering 4 bedrooms, 2 full bathrooms, nestled away on 10.91 sprawling wooded acres with 75' of private lake frontage on Sandy Bottom Lake. The interior includes open living space, knotty pine finish, hardwood floors, main floor laundry, large bedrooms, new water heater, new water softener and a newly finished basement. Outside features 2 large covered porches with beautiful views, patio area, newer metal roof on home (5 years old), massive garage/barn with electric and heat, that offers a full kitchen, half bathroom, parking area, entertainment area, and a loft. This space would make a great guest house/in-law suite/venue area great for entertaining. It has endless opportunities! A second large pole barn with electricity is perfect for storage or workshop. Greenville Schools with the choice of Rockford or Cedar Springs. Call today for your private tour.

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Location


Property Details


Parking

  • Description: Garage
  • Details: Garage Door Opener, Garage Faces Front, Detached, Unpaved
  • Garage Spaces: 3
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 7
  • Basement: Yes
  • Basement Description: Full, Finished

Exterior Features

  • Roof Material: Metal

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 410809100033
  • Lot Size: 475240 sqft

Property Information

  • Property Type: Cabin
  • Style: Log Home
  • Year Built: 1987

Tax Information

  • Annual Tax: $3,114

Utilities

  • Water & Sewer: Private, Well
  • Heating: Baseboard, Hot Water, Wood Stove, Propane
  • Cooling: Ceiling Fan(s)

Location

  • County: Kent

Listing Details


Listed by:
Megon Meinke
Five Star Real Estate (Rock)
(616) 824-6266

Source:
Southwestern Michigan Association of REALTORS
MLS#: 25016172
Southwestern Michigan Association of REALTORS

Investment Summary


Monthly Cash Flow
-$1,156
Cap Rate
3.7%
Cash-on-Cash Return
-11.2%
Debt Coverage Ratio
0.59
Internal Rate of Return (5 years)
-6.8%

Purchase Details

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Purchase price:
$540,000
Amount financed:
-$432,000
Down payment:
$108,000
Closing costs:
$16,200
Rehab costs:
$0
Initial cash invested:
$124,200
Square feet:
2,008
Cost per square foot:
$269
Monthly rent per square foot:
$1.39

Financing Details

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Loan amount:
$432,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.840%
Principal & interest:
$2,828
Property tax:
$260
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,284

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (9%)
9%-$260-$3,115
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (34%)
34%-$960-$11,515

Cash Flow


Monthly Yearly
Net operating income:
$1,672 $20,064
Mortgage payments:
-$2,828 -$33,936
Cash flow:
$1,156 $13,872