367 29th St N, Springfield, MI, 49037 | $556/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 Springfield at 367 29th St N, Springfield, MI, 49037 uses $46,410 cash to close to unlock $6,676/yr annual cash flow and $556/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $685/mo payment keeps the spread at $556/mo. Purchase price stands at $140,000, and rental yield measures 12.86% with $1,500/mo rent. Return on cash invested shows 34.29% in year one, and 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 180.76% and total cumulative return in cash records $83,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $685/mo payment rather than investor’s personal income.

Single Family

Built in 1939

0.60 Acres lot

$N/A/sqft

No HOA