304 E Spring StBloomingdaleMI49026
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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
Investment property for sale in Bloomingdale at 304 E Spring St, Bloomingdale, MI, 49026 uses $44,753 cash to close to unlock $6,402/yr annual cash flow and $534/mo monthly cash flow. Total monthly income runs $1,424/mo, and a $661/mo payment keeps the spread at $534/mo. Purchase price stands at $135,000, and rental yield measures 12.66% with $1,424/mo rent. Return on cash invested shows 34.21% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 180.14% and total cumulative return in cash records $80,617. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,424/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49026, Bloomingdale, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,139 (100%) |
| Owner Occupied HU | 682 (59.9%) |
| Renter Occupied HU | 129 (11.3%) |
| Vacant Housing Units | 328 (28.8%) |
| Median Home Value | $241,406 |
| Average Home Value | $306,650 |
Housing Distribution
Address Breakdown
Residential
809
Single Family
791
Multi-Family
18
Businesses
60
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Listed by: Trisha Downard • Lakes & Country Real Estate Inc
Mls Name: MichRIC
Mls ID: #25041543