185 Kirkwood AveSpringfieldMI49037
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow185 Kirkwood Ave, Springfield, MI, 49037 in Springfield is a solid income-producing rental, 11.6% gross yield, $1,354/mo rent, $430/mo net cash flow on a $140,000 buy. DSCR 2.15 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $38,679 and $1,289/yr in principal reduction project a total cumulative return of $81,012.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 8.0% |
| Monthly Cash Flow | $430 | $350 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,354 |
| Total Monthly Debt Service | $868 |
| DSCR Ratio | 1.56x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1955
6,098 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Schopper • EXIT Realty Home Partners
Mls Name: Greater Lansing AOR
Mls ID: #293871