367 29th St NSpringfieldMI49037
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 367 29th St N, Springfield, MI, 49037 in Springfield. Priced at $140,000, it generates $1,500/mo in gross rent and $556/mo in net monthly cash flow, a 12.86% yield that comfortably supports the 2.38 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $6,673. Five-year appreciation: $38,679. Equity from principal paydown: $1,289/yr. Total projected cumulative return: $89,208.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 8.0% |
| Monthly Cash Flow | $556 | $350 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,500 |
| Total Monthly Debt Service | $888 |
| DSCR Ratio | 1.69x |
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 1939
0.60 Acres 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 1939
0.60 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samuel S Murray • BHG Connections
Mls Name: MichRIC
Mls Provider:
Mls ID: #25039765
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.