164 Remington DrSpring ArborMI49283
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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 Arbor at 164 Remington Dr, Spring Arbor, MI, 49283 offers $1,875/mo rent that, after a $1,810/mo payment. Total monthly income is $1,875/mo. Return on cash invested measures 14.38% in year one, and rental yield stands at 6.08% at a $369,900 entry. Equity gained on principal adds $2,387/yr while 5% annual appreciation compounds into $102,197 by year five. Five-year ROI records 73.78% and total cumulative return in cash reaches $90,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,875/mo property income versus a $1,810/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
0.30 Acres lot
$N/A/sqft
$10 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49283, Spring Arbor, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,460 (100%) |
| Owner Occupied HU | 964 (66.0%) |
| Renter Occupied HU | 406 (27.8%) |
| Vacant Housing Units | 90 ( 6.2%) |
| Median Home Value | $233,794 |
| Average Home Value | $245,931 |
Housing Distribution
Address Breakdown
Residential
1,336
Single Family
1,142
Multi-Family
194
Businesses
105
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Listed by: Julie Hackworth • ERA REARDON REALTY, L.L.C.
Mls Name: MichRIC
Mls Provider:
Mls ID: #25013764
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.