266 Richfield Ave, Springfield, MI, 49037 | $142/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

Rental property for sale in Springfield at 266 Richfield Ave, Springfield, MI, 49037 generates $1,586/mo in rent and, after a $1,072/mo payment, leaves $142/mo in cash flow. Total monthly income is $1,586/mo, and annual cash flow is $1,700/yr on $72,599 invested. Return on cash invested sits at 22.25% in year one, and rental yield is 8.69% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 115.95% and total cumulative return in cash sums $84,177. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,586/mo property income rather than buyer’s personal income.

Single Family

Built in 1952

0.82 Acres lot

$N/A/sqft

No HOA