309 Grand St, Springport, MI, 49284 | $857/mo Cash Flow

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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 Springport at 309 Grand St, Springport, MI, 49284 with 5% annual appreciation on a $189,900 basis while $2,109/mo rent supports operations. Total monthly income totals $2,109/mo and a $929/mo payment preserves $857/mo for cash returns. Annual cash flow comes to $10,286/yr on $62,952 deployed, and return on cash invested reaches 36.25% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 13.33%. Five-year ROI measures 191.05% and total cumulative return in cash totals $120,269.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,109/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1910

0.40 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49284, Springport, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,525 (100%)
Owner Occupied HU	1,110 (72.8%)
Renter Occupied HU	182 (11.9%)
Vacant Housing Units	233 (15.3%)
Median Home Value	$235,061
Average Home Value	$285,342