248 23rd St N, Springfield, MI, 49037 | $625/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Springfield at 248 23rd St N, Springfield, MI, 49037 earns $625/mo cash flow from $1,910/mo rent with a $954/mo payment. Total monthly income totals $1,910/mo, and annual cash flow totals $7,494/yr on $64,643 capital. ROI tracks 31.5% on current figures, and rental yield reads 11.75% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 165.58% and total cumulative return in cash sums $107,038. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,910/mo property income instead of your personal income.

Single Family

Built in 1957

6,534 sqft lot

$N/A/sqft

No HOA